Gram gold falls below 4,000 TL!
The easing of trade tensions between the US and China has led to a decline in gold prices. In Istanbul, gram gold dropped below 4,000 TL, falling to the 3,973 TL level.
Positive progress in trade negotiations between the US and China has caused investors to move away from safe-haven assets. This situation has led to a significant decline in gold prices. As of May 14, 2025, the price of an ounce of gold fell to 3,177 dollars, while the price of gram gold in Turkey dropped to 3,972.82 TL.
These developments in global markets have significantly impacted gold prices. The softening of US-China trade relations and the shift of investors toward stock markets caused gram gold to fall below the psychological threshold of 4,000 TL.
On the third trading day of the week, the price of an ounce of gold fell by approximately 1.80 percent to the 3,177 dollar level. In Turkey, the price of gram gold entered a downward trend as demand for safe-haven assets decreased.
News Source: 12punto
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