Gold Shatters Records: Quarter Coin Tops ₺10,000

Global markets are witnessing a surge in precious metals as investors flee from uncertainty driven by Fed policy delays, trade wars, and escalating geopolitical risks. On Saturday, gold prices hit fresh records across all fronts, pushing Türkiye’s quarter gold coin above ₺10,000 for the first time in history. Some jewelers in Istanbul’s Grand Bazaar have reportedly halted gram gold sales due to supply shortages amid overwhelming demand.

Record-Breaking Prices: Gram and Ounce Hit New Highs

Gold’s momentum shows no sign of cooling. Gram gold climbed to an all-time high of ₺5,900, before stabilizing at ₺5,727, marking its strongest performance in years. Meanwhile, on the global stage, spot gold (ounce) reached a historic $4,308, later trading around $4,251. Since September, ounce gold has gained over 13%, reflecting a global flight to safety as investors hedge against inflation and monetary tightening.

Why Gold Is Soaring

Analysts attribute the rally to a “perfect storm” of macroeconomic pressures:

• Geopolitical tensions in the Middle East and Eastern Europe have boosted safe-haven demand.

• Persistent inflation and uncertain Fed policy timing have weakened investor confidence in fiat currencies.

• Trade disputes between major economies continue to disrupt global supply chains, fueling commodity speculation.

Combined, these factors have revived gold’s traditional role as a store of value in turbulent times. Silver, platinum, and palladium have also posted gains, though gold remains the standout performer of the week.

Market Split: More Gains or Sharp Correction Ahead?

Experts remain divided over whether gold’s meteoric rise can continue. KCM Trade’s Chief Market Analyst Tim Waterer argues that the rally is far from over: “The $4,500 level is not far away — the upward momentum remains strong.”
However, others caution that the metal may be entering overbought territory. Analysts warn that a delayed Fed rate cut or a resurgent US dollar could trigger a short-term profit-taking correction.

Berk Dinçtürk of İstanbul Portföy suggested that the US may be indirectly encouraging the gold surge: “America is deliberately opening the path for gold… but this could eventually reach a breaking point.”

Demand Surge Hits Local Markets

In Türkiye, the Grand Bazaar remains a barometer of investor sentiment. Reports indicate that some jewelers temporarily suspended gram gold sales, citing both supply constraints and inventory risk as prices fluctuate by the hour. Retail investors, wary of further currency depreciation, have turned to physical gold as a hedge against inflation — a trend seen during past economic shocks.