Global Markets and Critical Developments Shaping Market Trends
Gedik Investment experts stated that geopolitical risks, energy costs, and US employment data are the primary determinants of trends in gold and stock markets.
Geopolitical developments in global markets, fluctuations in oil prices, and US economic data are among the most significant factors determining the short-term direction of gold and stock markets.
Diplomatic Contacts Between the US and Iran
Diplomatic talks between the US and Iran, which are at the focus of global markets, regained momentum following the United Nations meetings.
The continued closure of the Strait of Hormuz causes oil prices to hover in the 98-99 dollar band.
Inflation Concerns and Fed Pressure
While high energy prices keep global inflation concerns alive, this situation reinforces expectations for tight monetary policy from central banks.
Strong economic data released in the US drive interest rate expectations higher, with 10-year Treasury yields reaching multi-year highs.
Critical Thresholds in Gold Prices
While gold prices remain under pressure due to Fed expectations and rising oil, the 4,000 dollar level is being monitored as a psychological threshold.
In upward movements, the 4,250-4,260 dollar band stands out as the initial resistance zone, and 4,400 dollars needs to be surpassed for a sustained recovery.
Current Levels in Borsa Istanbul
Technical selling gained momentum with the breakdown of the 12,800 point mark in Borsa Istanbul, and the index is struggling to hold onto the 12,500 point region.
Drawing attention to the sharp drop in trading volume, experts note that the volatile trend may continue in the short term and that critical thresholds must be crossed for the index to regain strength.
Developments in the Fund Markets
Recently, certain fund-related developments have weakened domestic risk appetite, and the Capital Markets Board's (CMB) decision to liquidate 131 funds was felt particularly in equity-heavy funds.
Officials state that no liquidity problem spreading across the general fund market is observed and that the course of the markets is being closely monitored.