Historic day for gold: Records are being broken one after another

Rising geopolitical and economic risks in global markets have led investors to turn toward safe-haven assets. Driven by this trend, spot gold has reached historic levels, approaching the 5,600 dollar mark.

GOLD REACHES NEW PEAKS

Supported by weakness in the US dollar, gold rose to as high as 5,598.29 dollars during the day. Gold is currently trading at 5,540.59 dollars, an increase of approximately 3 percent compared to yesterday.

GRAM GOLD AT RECORD LEVELS IN THE DOMESTIC MARKET

The rise in global prices has also been reflected in gram gold in the domestic market. Gram gold hit a historic record by reaching 7,816 liras. It is currently hovering at 7,733 liras, an increase of 3.1 percent.

DEBT AND TRADE OUTLOOK FUEL DEMAND

Marex analyst Edward Meir stated that rising US debt and signals that the global trade structure is splitting into regional blocs are driving investors toward gold. Meir noted that this situation strengthens the demand for safe havens.

OCBC analysts, meanwhile, stated that gold is no longer seen only as a hedge against crises or inflation, but as a store of value that provides portfolio diversification under various macroeconomic conditions.

2026 PERFORMANCE AND POTENTIAL CORRECTION DEBATE

Having gained 64 percent in value in 2025, gold has continued its rise in 2026, recording an increase of over 28.5 percent. IG analyst Tony Sycamore said that the rise is accelerating and that there is a possibility of a correction in the short term, while also noting that fundamental dynamics could continue to support gold throughout the year.

GEOPOLITICAL DEVELOPMENTS RAISE RISK PERCEPTION

US President Donald Trump's call for an agreement with Iran regarding nuclear weapons and the hardening of statements between the parties have increased risk perception in the markets. During this process, the shift of investors toward safe-haven assets has been notable.

FED DECISION IMPACT

The US Federal Reserve's decision to keep interest rates steady and its indication that inflation remains above the 2 percent target have been among the factors supporting gold prices. Statements that Tether plans to allocate 10–15 percent of its investment portfolio to physical gold have also had an upward impact on prices.

SILVER ALSO ON THE PATH TO RECORDS

Along with gold, the rise in silver has also continued. Silver tested its historic peak at 119.42 dollars. While silver is currently trading at 117.33 dollars with a 0.8 percent increase, its return since the beginning of the year has exceeded 65 percent.

News Source: 12punto