K\u00fcresel piyasalarda g\u00f6zler ABD Merkez Bankas\u0131\u2019n\u0131n son kararlar\u0131 ve Fed Ba\u015fkan\u0131 Jerome Powell\u2019\u0131n mesajlar\u0131na \u00e7evrilirken, de\u011ferli metaller cephesinde sert fiyat hareketleri ya\u015fand\u0131. Fed\u2019in faizleri sabit b\u0131rakmas\u0131 tek ba\u015f\u0131na piyasalar\u0131 sakinle\u015ftirmeye yetmezken, a\u00e7\u0131klamalardaki \u015fahin ton ve faizlerin daha uzun s\u00fcre y\u00fcksek kalabilece\u011fine y\u00f6nelik beklentiler, \u00f6zellikle alt\u0131n ve g\u00fcm\u00fc\u015fte sat\u0131\u015f bask\u0131s\u0131n\u0131 g\u00fc\u00e7lendirdi. Reuters\u2019\u0131n aktard\u0131\u011f\u0131na g\u00f6re piyasalarda eyl\u00fcl ay\u0131na kadar Fed faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131 yakla\u015f\u0131k y\u00fczde 75 olarak fiyatlanmaya ba\u015fland\u0131; temmuz i\u00e7in de kayda de\u011fer bir art\u0131\u015f ihtimali \u00f6ne \u00e7\u0131kt\u0131.<\/p>\n
Alt\u0131n fiyatlar\u0131, \u00f6nceki sert d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan yeni g\u00fcnde s\u0131n\u0131rl\u0131 toparlanma sinyali verse de bu hareket kal\u0131c\u0131 olmad\u0131. Reuters verilerine g\u00f6re spot alt\u0131n cuma g\u00fcn\u00fc y\u00fczde 1,8 gerileyerek ons ba\u015f\u0131na 4 bin 563 dolar civar\u0131na indi; ABD alt\u0131n vadeli kontratlar\u0131 da 4 bin 574 dolar seviyesine \u00e7ekildi. B\u00f6ylece g\u00fcvenli liman talebine ra\u011fmen g\u00fc\u00e7l\u00fc dolar ve y\u00fckselen tahvil getirileri, faiz getirisi olmayan alt\u0131n\u0131n cazibesini zay\u0131flatt\u0131.<\/p>\n
Yurt i\u00e7i piyasada da benzer tablo \u00f6ne \u00e7\u0131kt\u0131. Ons alt\u0131ndaki geri \u00e7ekilme ve kur etkisiyle gram alt\u0131nda dalgal\u0131 seyir izlendi. Kullan\u0131c\u0131 metninde yer alan 6 bin 492 lira seviyesi i\u00e7in ba\u011f\u0131ms\u0131z bir birincil piyasa kayna\u011f\u0131na ula\u015famad\u0131m; ancak uluslararas\u0131 alt\u0131n fiyatlar\u0131ndaki sert geri \u00e7ekilmenin gram alt\u0131n \u00fczerinde de a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 olu\u015fturdu\u011fu a\u00e7\u0131k bi\u00e7imde g\u00f6r\u00fcl\u00fcyor. Bu ba\u011flant\u0131, ons fiyat\u0131 ile kur ge\u00e7i\u015fkenli\u011fine dayal\u0131 bir \u00e7\u0131kar\u0131md\u0131r.<\/p>\n
Alt\u0131nla birlikte g\u00fcm\u00fc\u015fte de y\u00fcksek oynakl\u0131k dikkat \u00e7ekti. Reuters\u2019a g\u00f6re spot g\u00fcm\u00fc\u015f cuma g\u00fcn\u00fc y\u00fczde 4,8 d\u00fc\u015f\u00fc\u015fle 69,39 dolar seviyesine geriledi. B\u00f6ylece g\u00fcm\u00fc\u015fte de haftal\u0131k bazda kay\u0131p e\u011filimi g\u00fc\u00e7lendi. De\u011ferli metallerde g\u00f6r\u00fclen bu bask\u0131n\u0131n arkas\u0131nda yaln\u0131zca Fed\u2019in tonu de\u011fil, ayn\u0131 zamanda g\u00fc\u00e7lenen dolar, y\u00fckselen tahvil faizleri ve jeopolitik gerilimin enerji fiyatlar\u0131 \u00fczerinden enflasyon beklentilerini yukar\u0131 \u00e7ekmesi bulunuyor.<\/p>\n
Fed Ba\u015fkan\u0131 Jerome Powell\u2019\u0131n enflasyonla m\u00fccadelede temkinli \u00e7izgiyi koruyan a\u00e7\u0131klamalar\u0131, piyasada \u201cy\u00fcksek faiz daha uzun s\u00fcre devam edebilir\u201d alg\u0131s\u0131n\u0131 besledi. Bu durum, \u00f6zellikle faiz getirisi sa\u011flamayan alt\u0131n ve g\u00fcm\u00fc\u015f gibi varl\u0131klar \u00fczerinde bask\u0131 yaratt\u0131. Reuters\u2019\u0131n 19 ve 20 Mart tarihli haberlerinde, yat\u0131r\u0131mc\u0131lar\u0131n yaln\u0131zca Fed\u2019i de\u011fil, Avrupa Merkez Bankas\u0131 ve \u0130ngiltere Merkez Bankas\u0131 gibi di\u011fer b\u00fcy\u00fck merkez bankalar\u0131n\u0131n da daha s\u0131k\u0131 bir duru\u015fa y\u00f6nelebilece\u011fi ihtimalini fiyatlad\u0131\u011f\u0131 aktar\u0131ld\u0131.<\/p>\n
Enerji piyasalar\u0131nda da sert hareketler g\u00f6r\u00fcld\u00fc. Reuters ve di\u011fer g\u00fcncel piyasa aktar\u0131mlar\u0131na g\u00f6re Brent petrol, hafta i\u00e7inde 119 dolar civar\u0131n\u0131 test ettikten sonra arz taraf\u0131na ili\u015fkin ge\u00e7ici rahatlama ve H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndan baz\u0131 gemilerin ge\u00e7i\u015f yapabilmesinin etkisiyle geri \u00e7ekildi. 20 Mart itibar\u0131yla Brent\u2019in yakla\u015f\u0131k 107 dolar \u00e7evresinde i\u015flem g\u00f6rmesi, piyasalarda tansiyonun tamamen d\u00fc\u015fmedi\u011fini ancak ilk \u015fokun bir miktar yumu\u015fad\u0131\u011f\u0131n\u0131 g\u00f6sterdi.<\/p>\n
Petrol fiyatlar\u0131ndaki bu sert dalgalanma, alt\u0131n ve g\u00fcm\u00fc\u015f \u00fczerinde \u00e7ift y\u00f6nl\u00fc etki yaratt\u0131. Bir yandan enerji maliyetleri \u00fczerinden enflasyon endi\u015felerini art\u0131rarak merkez bankalar\u0131n\u0131n \u015fahin kalabilece\u011fi beklentisini g\u00fc\u00e7lendirdi, di\u011fer yandan k\u0131sa s\u00fcreli rahatlama d\u00f6nemlerinde g\u00fcvenli liman talebini zay\u0131flatt\u0131. Bu tablo, de\u011ferli metallerde neden y\u00f6n\u00fcn s\u00fcrekli de\u011fi\u015fti\u011fini de a\u00e7\u0131kl\u0131yor. Bu de\u011ferlendirme, piyasa verilerinin birlikte okunmas\u0131na dayal\u0131 bir \u00e7\u0131kar\u0131md\u0131r.<\/p>\n
Piyasalar \u015fimdi ABD\u2019den gelecek istihdam ve enflasyon verilerine odaklanm\u0131\u015f durumda. Bu veriler, Fed\u2019in \u00f6n\u00fcm\u00fczdeki toplant\u0131larda nas\u0131l bir yol haritas\u0131 izleyece\u011fine ili\u015fkin beklentileri yeniden \u015fekillendirebilir. Mevcut g\u00f6r\u00fcn\u00fcm, alt\u0131n ve g\u00fcm\u00fc\u015fte k\u0131sa vadede sert ve y\u00f6n\u00fc h\u0131zl\u0131 de\u011fi\u015febilen bir seyrin s\u00fcrebilece\u011fine i\u015faret ediyor.<\/p>\n","protected":false},"excerpt":{"rendered":"
ABD Merkez Bankas\u0131\u2019n\u0131n faizleri sabit b\u0131rakmas\u0131na ra\u011fmen enflasyon risklerine dikkat \u00e7eken ve s\u0131k\u0131 duru\u015fun s\u00fcrebilece\u011fi mesaj\u0131n\u0131 veren a\u00e7\u0131klamalar\u0131, alt\u0131n ve g\u00fcm\u00fc\u015fte sert oynakl\u0131\u011f\u0131 beraberinde getirdi. G\u00fcn i\u00e7inde toparlanma \u00e7abas\u0131 g\u00f6r\u00fclen de\u011ferli metallerde y\u00f6n yeniden a\u015fa\u011f\u0131 d\u00f6nd\u00fc.<\/p>\n","protected":false},"author":2,"featured_media":12167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[265,5231,488,4502,655,4503],"class_list":["post-13746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-altin","tag-altin-fiyatlari","tag-fed","tag-gram-altin","tag-gumus","tag-ons-altin"],"yoast_head":"\n