Weekly Market Balance Sheet: Stock Market and Gold Declined, US Dollar Rose
While stocks, gold, and the Euro lost value in the weekly performance of investment instruments, the US dollar recorded a limited increase, and money market funds were the only fund group to provide positive returns.
Over the past week, in the general performance of investment instruments, stocks, gold, and the Euro caused losses for investors, while the US dollar showed an increase, albeit a limited one.
Sharp Decline in BIST 100 Index
Stocks on Borsa Istanbul lost an average of 4.88 percent on a weekly basis.
Following a volatile course during the week, the BIST 100 index finished the week at 12,270.18 points.
Gold Prices Declined in Grand Bazaar
A downward trend dominated gold, which is seen as a safe haven, this week.
Gram gold decreased by 1.53 percent to 6,613 TL, while quarter gold dropped to 10,860 TL.
Divergence Experienced in Foreign Exchange Rates
In the foreign exchange market, the US dollar and the Euro drew contrasting charts this week.
The US dollar finished the week with a gain in value, whereas the Euro caused losses for investors.
Latest Situation in the Fund Market
The decline in the stock market was also reflected in the fund markets, causing mutual funds to lose value.
When all categories are examined, the only group that provided positive returns this week was money market funds.