Gold prices take flight: At a 3-week high
The resumption of U.S. government operations and expectations of a Fed interest rate cut have pushed gold prices upward. Spot gold has climbed above $4,200, while gram gold has reached the 5,718 TL level. Experts suggest the upward trend may continue.
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The reopening of the U.S. government and expectations that the Fed will cut interest rates have led to a strong movement in the gold market. The precious metal posted consecutive gains on the final trading day of the week, climbing to a three-week high.
OUNCE SURPASSES $4,200 THRESHOLD
While spot gold in global markets has risen above $4,200, gram gold in the domestic market has climbed to 5,718 TL. The signing of the bill by U.S. President Donald Trump to resume government operations has accelerated investors' search for safe havens. Expectations that the Fed may cut interest rates have also increased demand for gold.
The anticipation that economic data will begin to be released again has boosted optimism in the markets, strengthening the appeal of gold.
GOLD AT A THREE-WEEK HIGH
As of 07:07 TSI, spot gold rose 0.4% to reach $4,215.87 per ounce, marking its highest level since October 21. December-delivery U.S. gold futures traded at $4,219.90, up 0.2%. Gram gold found buyers at the 5,718 TL level in the Turkish market.
“CENTRAL BANK DEMAND SUPPORTS THE RISE”
According to BloombergHT, ANZ analysts stated in a research note, “The possibility of weak economic data following the U.S. government shutdown has pushed gold higher. This trend is also likely to be supported by ongoing demand from central banks.”
Analysts further added, “Appropriate policy measures, economic uncertainty, and limited investment alternatives will support both individual and strategic demand for gold.”
TRUMP SIGNED THE BILL, ECONOMIC DATA TO RETURN
U.S. President Donald Trump signed the bill on Wednesday that ended the longest government shutdown in the country's history. During the shutdown process that began on October 1, critical economic indicators such as employment and inflation data could not be released.
Economists emphasized that the statistical agency under the U.S. Department of Labor must prioritize preparing the employment and inflation reports for November. It was noted that this would make it possible for the Fed to access up-to-date data before its December meeting.
EXPECTATIONS FOR AN INTEREST RATE CUT ARE STRENGTHENING
80% of experts predict that the Fed will cut the policy rate by 25 basis points next month to support the slowing labor market. This rate shows a slight increase compared to surveys conducted last month.
CURRENT GOLD PRICES AS OF NOVEMBER 13, 2025
- Gram gold: 5,718 TL
- Quarter gold: 9,670 TL
- Half gold: 19,328 TL
- Republic gold: 38,532 TL
- Ounce gold: $4,218