Orta Do\u011fu\u2019daki sava\u015f ve enerji hatt\u0131ndaki gerilim s\u00fcrerken, g\u00fcvenli liman olarak g\u00f6r\u00fclen alt\u0131n bu kez Fed karar\u0131 sonras\u0131 sert sat\u0131\u015f bask\u0131s\u0131yla kar\u015f\u0131la\u015ft\u0131. ABD Merkez Bankas\u0131\u2019n\u0131n politika faizini y\u00fczde 3,50-3,75 aral\u0131\u011f\u0131nda sabit b\u0131rakmas\u0131n\u0131n ard\u0131ndan ons ve gram alt\u0131nda d\u00fc\u015f\u00fc\u015f derinle\u015fti.<\/p>\n
Fed karar\u0131 \u00f6ncesinde ons alt\u0131n, \u00f6nceki g\u00fcne g\u00f6re y\u00fczde 2,2 d\u00fc\u015f\u00fc\u015fle 4 bin 891 dolar seviyesinde i\u015flem g\u00f6r\u00fcyordu. Karar\u0131n a\u00e7\u0131klanmas\u0131n\u0131n ard\u0131ndan kay\u0131plar h\u0131zland\u0131 ve ons alt\u0131n y\u00fczde 3,2 gerileyerek 4 bin 844 dolara kadar indi.<\/p>\n
Yurt i\u00e7inde de benzer tablo g\u00f6r\u00fcld\u00fc. Gram alt\u0131n karar \u00f6ncesinde y\u00fczde 2,2 d\u00fc\u015f\u00fc\u015fle 6 bin 954 TL seviyesinde al\u0131c\u0131 bulurken, Fed sonras\u0131 kay\u0131p y\u00fczde 3,1\u2019e ula\u015ft\u0131 ve fiyat 6 bin 892 TL\u2019ye kadar \u00e7ekildi. G\u00fcm\u00fc\u015f\u00fcn ons fiyat\u0131 da y\u00fczde 4,04 d\u00fc\u015f\u00fc\u015fle 76,15 dolar seviyesine geriledi.<\/p>\n
Alt\u0131n fiyatlar\u0131ndaki d\u00fc\u015f\u00fc\u015f, ilk bak\u0131\u015fta jeopolitik tabloyla \u00e7eli\u015fkili g\u00f6r\u00fcnse de piyasalarda as\u0131l belirleyici unsurun faiz beklentileri oldu\u011fu de\u011ferlendiriliyor. \u0130ran-\u0130srail-ABD hatt\u0131ndaki sava\u015f, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndaki riskler ve petrol fiyatlar\u0131n\u0131n 100 dolar\u0131n \u00fczerinde seyretmesi, normal ko\u015fullarda alt\u0131n\u0131 destekleyebilecek geli\u015fmeler aras\u0131nda yer al\u0131yor.<\/p>\n
Ancak piyasalar, y\u00fckselen enerji fiyatlar\u0131n\u0131n k\u00fcresel enflasyonu yeniden k\u00f6r\u00fckleyebilece\u011fi ihtimaline odakland\u0131. Bu da Fed\u2019in y\u0131l i\u00e7inde faiz indirimine gitme alan\u0131n\u0131 daraltan bir unsur olarak \u00f6ne \u00e7\u0131kt\u0131.<\/p>\n
Yat\u0131r\u0131m\u0131m Trader CEO\u2019su Canda\u015f Atalay\u2019a g\u00f6re piyasadaki geri \u00e7ekilme jeopolitik gerilimin zay\u0131flamas\u0131ndan de\u011fil, para politikas\u0131na ili\u015fkin beklentilerin de\u011fi\u015fmesinden kaynaklan\u0131yor. Atalay, petrol fiyatlar\u0131ndaki y\u00fckseli\u015fin enflasyon korkusunu b\u00fcy\u00fctt\u00fc\u011f\u00fcn\u00fc, bunun da Fed\u2019i daha s\u0131k\u0131 duru\u015fa itti\u011fini belirtti.<\/p>\n
Atalay, birka\u00e7 hafta \u00f6nce daha g\u00fc\u00e7l\u00fc g\u00f6r\u00fclen faiz indirimi beklentisinin zay\u0131flad\u0131\u011f\u0131n\u0131, hatta orta vadede yeniden faiz art\u0131r\u0131m\u0131 ihtimalinin tart\u0131\u015f\u0131lmaya ba\u015flad\u0131\u011f\u0131n\u0131 ifade etti. G\u00fc\u00e7l\u00fc dolar ve y\u00fckselen faiz beklentisinin, jeopolitik riskin alt\u0131n \u00fczerindeki destekleyici etkisini \u015fimdilik g\u00f6lgede b\u0131rakt\u0131\u011f\u0131n\u0131 s\u00f6yledi.<\/p>\n
Alt\u0131n fiyatlar\u0131ndaki geri \u00e7ekilmeye yat\u0131r\u0131m fonlar\u0131ndaki \u00e7\u00f6z\u00fclme de e\u015flik etti. Son iki haftada alt\u0131na dayal\u0131 yat\u0131r\u0131m fonlar\u0131ndan 37 ton \u00e7\u0131k\u0131\u015f ya\u015fand\u0131\u011f\u0131, t\u00fcrev piyasalarda ise i\u015flem hacimlerinin belirgin \u015fekilde geriledi\u011fi aktar\u0131ld\u0131. Bu tablo, yat\u0131r\u0131mc\u0131lar\u0131n k\u0131sa vadede daha temkinli bir pozisyon ald\u0131\u011f\u0131na i\u015faret etti.<\/p>\n
Piyasada bundan sonraki s\u00fcre\u00e7te Fed Ba\u015fkan\u0131 Jerome Powell\u2019\u0131n verece\u011fi mesajlar\u0131n belirleyici olaca\u011f\u0131 de\u011ferlendiriliyor. Faiz indirimlerinin \u00f6telenmesi ve enflasyon riskinin daha g\u00fc\u00e7l\u00fc vurgulanmas\u0131 halinde ons alt\u0131nda 4 bin 800 dolar civar\u0131na do\u011fru yeni bir geri \u00e7ekilme ihtimali konu\u015fuluyor. Gram alt\u0131nda ise 7 bin TL alt\u0131ndaki seviyelerin yeniden test edilmesi olas\u0131l\u0131\u011f\u0131 g\u00fcndemde tutuluyor.<\/p>\n
Buna kar\u015f\u0131n baz\u0131 piyasa yorumcular\u0131, mevcut d\u00fc\u015f\u00fc\u015f\u00fc uzun vadeli yat\u0131r\u0131mc\u0131 a\u00e7\u0131s\u0131ndan riskten \u00e7ok al\u0131m f\u0131rsat\u0131 olarak de\u011ferlendiriyor. \u00d6zellikle jeopolitik tansiyonun ilerleyen d\u00f6nemde azalmas\u0131 ve k\u00fcresel \u00f6l\u00e7ekte dolardan uzakla\u015fma e\u011filiminin g\u00fc\u00e7lenmesi halinde alt\u0131n\u0131n yeniden yukar\u0131 y\u00f6nl\u00fc hareket alan\u0131 bulabilece\u011fi belirtiliyor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fed\u2019in faiz karar\u0131n\u0131n ard\u0131ndan alt\u0131n fiyatlar\u0131nda d\u00fc\u015f\u00fc\u015f h\u0131zland\u0131. Ons alt\u0131n 4 bin 844 dolara kadar inerken, gram alt\u0131n da 6 bin 892 TL seviyesine \u00e7ekildi.<\/p>\n","protected":false},"author":2,"featured_media":10793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[265,1718,488,373,486],"class_list":["post-13413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-altin","tag-altinfiyatlari","tag-fed","tag-gramaltin","tag-onsaltin"],"yoast_head":"\n