Spot Gold Rises in Global Markets, Gram Gold Breaks Record in Domestic Market
In global markets, spot gold rose to $4,697, testing its highest level in the last 15 weeks. In the domestic market, gram gold reached 7,262 TL.
Spot gold made a positive start to the new week in global markets, climbing up to $4,697 and testing its highest levels in the last 15 weeks. Gram gold traded in the domestic market started the day at 7,155 TL and climbed up to 7,262 TL.
Profit-Taking in Spot Gold
The spot price closed yesterday's trading up 1.05% at $4,651 and climbed up to $4,697 in today's trading. Following subsequent profit-taking, the direction turned downward and spot gold was priced at $4,630.
Spot gold, which accelerated last week as the U.S. Treasury increased its long-term bond purchase amounts, surpassed the 200-day moving average to see its highest levels in the last 15 weeks.
Course of U.S. Bonds
Despite the U.S. Treasury Department's intervention, no significant decline occurred in long-term U.S. bonds. While the 30-year bond yield was at 5.34 during the intervention, it stabilized around 5.24.
At the end of June, the interest rate on this bond was hovering around 4.85, and the resistance shown by bond yields continues to create a pressure factor for gold.
Rise in the Dollar Index
An increase was observed once again in the dollar index, which had retreated to the 98.5 threshold on Friday. The U.S. move to isolate Iran from the global financial system increased safe-haven demand for the dollar.
With these developments, while the dollar index surpassed the 99 threshold, analysts state that this situation creates pressure on gold, but no significant pullback has occurred in the yellow metal.
Public Debt and Trust Crisis
According to Troy Precious Metals analysis, markets are now focusing not only on interest rates, but also on why these rates are high and on the growing U.S. public debt.
While the budget deficit and the increased financing need to roll over debt draw investors' attention, confidence in the U.S. fiscal outlook stands out in gold pricing.
Sanctions and Oil Risk
While the U.S.'s new sanctions against Iran stand out as an important risk factor, Iran stated that it could halt oil exports from the Gulf if economic pressure continues.
A sharp rise in oil could increase geopolitical risks and support gold; however, by driving up inflation, it could make it difficult for the Fed to cut interest rates.
Record Levels in Gram Gold
Gram gold traded in the domestic market started the day at 7,155 TL as of August 25, 2026, at 06:05 TSI, and accelerated up to 7,262 TL during the day.
It was noted that the gram price, which closed last month at 6,172 TL, achieved a premium of approximately 1,000 TL in August.
Expectations in Markets
Saxo Bank Commodity Strategist Ole Hansen emphasized that gold continues to attract technical and momentum-driven demand, stating that investors are focusing on the Jackson Hole symposium.
Analysts are closely monitoring $4,575 and $4,772 levels, which stand out as Fibonacci retracement levels following the January-June decline.