Latest Situation in Global Markets and Gold Prices: Striking Statements from Expert
While markets became active following the US non-farm payrolls data, the BIST 100 index became the investment tool with the highest losses on a weekly basis.
While an active week was left behind in global markets, gold prices rose again following the US non-farm payrolls data, and the BIST 100 index lost value.
Latest Developments in Gold Prices
With the announced non-farm payrolls data falling below expectations, gold prices turned upward, and gram gold recorded an increase of over 1.30% in a short time.
While ounce gold is traded at the level of 4,145 dollars in international markets, the kilogram price of standard gold on the Borsa Istanbul Gold Market showed an increase.
Weekly Investment Instruments Performance
In the first week of October, the Borsa Istanbul BIST 100 index declined by 4.88%, going down in records as the financial instrument that caused the most losses to investors.
While the gram sales price of 24-karat bullion gold in the Grand Bazaar closed the week with a 1.53% drop, the US dollar achieved a limited gain.
Changes in Fund Markets
Investment funds generally tended to lose value by 1.86% on a weekly basis, and retirement funds by 0.96%.
Among the fund categories, only Money Market Funds provided a positive return of 0.64%, becoming the best of the week.
Global Market Commentary from an Expert
Money and Commodity Markets Expert İslam Memiş stated that the year 2026 is not a period of making money from money and that control has passed to the system.
Memiş stated that behind the factors suppressing gold prices lie the transition to digital currencies and a major financial reset plan.