K\u00fcresel piyasalarda jeopolitik riskler, petrol fiyatlar\u0131, Amerika Birle\u015fik Devletleri istihdam verileri ve faiz beklentileri yat\u0131r\u0131mc\u0131lar\u0131n y\u00f6n\u00fcn\u00fc belirlemeye devam ediyor. H\u00fcrm\u00fcz Bo\u011faz\u0131 \u00e7evresindeki tansiyonun gerilemesi Brent petrol fiyatlar\u0131n\u0131n yeniden a\u015fa\u011f\u0131 y\u00f6nelmesine neden olurken, Amerika Birle\u015fik Devletleri\u2019nde tar\u0131m d\u0131\u015f\u0131 istihdam\u0131n h\u0131z kesmesi alt\u0131n ba\u015fta olmak \u00fczere de\u011ferli metallere destek verdi.<\/p>\n
Risk alg\u0131s\u0131n\u0131n k\u0131sa s\u00fcre i\u00e7erisinde \u00f6nemli \u00f6l\u00e7\u00fcde de\u011fi\u015fti\u011fi haftada yat\u0131r\u0131mc\u0131lar\u0131n yeni denge aray\u0131\u015f\u0131 da h\u0131zland\u0131. Faiz, enflasyon ve jeopolitik geli\u015fmeler aras\u0131ndaki hassas denge, sermayenin bir b\u00f6l\u00fcm\u00fcn\u00fc yeniden emtia, de\u011ferli metaller ve reel varl\u0131klara y\u00f6neltti.<\/p>\n
Alt\u0131nda ocak zirvesinden sonra yeni toparlanma<\/strong><\/p>\n 2026 y\u0131l\u0131n\u0131n ocak ay\u0131nda 5.395 dolar\u0131 g\u00f6rerek tarihi zirve seviyelerine ula\u015fan ons alt\u0131n, sonraki aylarda kademeli bi\u00e7imde de\u011fer kaybetmi\u015f ve 4.000 dolar s\u0131n\u0131r\u0131na kadar gerilemi\u015fti.<\/p>\n Temmuz ay\u0131nda petrol kaynakl\u0131 enflasyon endi\u015felerinin k\u00fcresel faiz art\u0131r\u0131m\u0131 beklentilerini yeniden g\u00fcndeme ta\u015f\u0131mas\u0131 de\u011ferli metal \u00fczerindeki sat\u0131\u015f bask\u0131s\u0131n\u0131 art\u0131rd\u0131. Bu s\u00fcre\u00e7te ons alt\u0131n 3.976 dolara kadar geriledi.<\/p>\n Ancak a\u011fustos ay\u0131n\u0131n ilk haftas\u0131yla birlikte piyasan\u0131n y\u00f6n\u00fc yeniden de\u011fi\u015fti. Amerika Birle\u015fik Devletleri i\u015f g\u00fcc\u00fc piyasas\u0131ndan gelen zay\u0131flama sinyalleri, para politikas\u0131nda daha s\u0131k\u0131 bir d\u00f6neme ge\u00e7i\u015f beklentilerinin sorgulanmas\u0131na neden oldu. \u0130stihdamdaki yava\u015flama, alt\u0131na y\u00f6nelik talebin yeniden g\u00fc\u00e7lenmesini beraberinde getirdi.<\/p>\n Ons alt\u0131n haftay\u0131 y\u00fczde 8,25 art\u0131\u015fla 4.373 dolardan tamamlad\u0131. G\u00fcm\u00fc\u015fte de g\u00fc\u00e7l\u00fc y\u00fckseli\u015f ya\u015fand\u0131 ve haftal\u0131k de\u011fer kazanc\u0131 y\u00fczde 10,47’ye ula\u015ft\u0131.<\/p>\n De\u011ferli metallerdeki bu hareket, k\u00fcresel yat\u0131r\u0131mc\u0131lar\u0131n ekonomik veriler ve jeopolitik geli\u015fmeler do\u011frultusunda portf\u00f6ylerini h\u0131zl\u0131 bi\u00e7imde yeniden yap\u0131land\u0131rd\u0131klar\u0131n\u0131 g\u00f6steriyor.<\/p>\n Madencilik hisseleri Borsa \u0130stanbul’da \u00f6ne \u00e7\u0131kt\u0131<\/strong><\/p>\n Alt\u0131ndaki y\u00fckseli\u015f yaln\u0131zca de\u011ferli metal piyasas\u0131yla s\u0131n\u0131rl\u0131 kalmad\u0131. Borsa \u0130stanbul’da i\u015flem g\u00f6ren madencilik \u015firketlerinin hisselerinde de dikkat \u00e7ekici y\u00fckseli\u015fler g\u00f6r\u00fcld\u00fc.<\/p>\n Borsa \u0130stanbul 100 Endeksi haftay\u0131 y\u00fczde 2,39 y\u00fckseli\u015fle tamamlarken, Borsa \u0130stanbul Madencilik Endeksi y\u00fczde 14,21 de\u011fer kazanarak sekt\u00f6r endeksleri aras\u0131nda a\u00e7\u0131k ara \u00f6ne \u00e7\u0131kt\u0131.<\/p>\n Emtia fiyatlar\u0131nda ya\u015fanan y\u00fckseli\u015fin madencilik \u015firketlerinin gelir beklentilerine ve gelecekteki yat\u0131r\u0131m kapasitelerine olumlu yans\u0131mas\u0131, hisselere y\u00f6nelik talebin artmas\u0131nda etkili oldu.<\/p>\n Sekt\u00f6rde T\u00fcrk Alt\u0131n y\u00fczde 18,09, Park Madencilik y\u00fczde 14,78 ve TR Do\u011fal Enerji y\u00fczde 14,24 y\u00fckseli\u015fle haftan\u0131n dikkat \u00e7eken \u015firketleri aras\u0131nda yer ald\u0131.<\/p>\n Madencili\u011fi y\u00fczde 6,55 y\u00fckseli\u015fle bili\u015fim, y\u00fczde 6,46 y\u00fckseli\u015fle kimya ve petrol sekt\u00f6r\u00fc takip etti.<\/p>\n Alt\u0131n fiyatlar\u0131 madencilik \u015firketlerine finansman avantaj\u0131 sa\u011fl\u0131yor<\/strong><\/p>\n Madencilik \u015firketlerinin piyasa de\u011ferlerindeki h\u0131zl\u0131 y\u00fckseli\u015fin yaln\u0131zca alt\u0131n ve di\u011fer emtia fiyatlar\u0131ndaki art\u0131\u015ftan kaynaklanmad\u0131\u011f\u0131 de\u011ferlendiriliyor.<\/p>\n Y\u00fcksek emtia fiyatlar\u0131 \u015firketlerin sat\u0131\u015f gelirlerini ve k\u00e2rl\u0131l\u0131k beklentilerini art\u0131r\u0131rken, \u00f6zellikle y\u00fcksek faiz ortam\u0131nda \u015firketlerin kendi operasyonlar\u0131ndan yeni yat\u0131r\u0131m kayna\u011f\u0131 yaratabilmesi \u00f6nemli hale geliyor.<\/p>\n Finansmana eri\u015fim maliyetlerinin y\u00fckseldi\u011fi d\u00f6nemlerde alt\u0131n fiyatlar\u0131ndaki art\u0131\u015f, \u00fcretici madencilik \u015firketleri a\u00e7\u0131s\u0131ndan \u00f6nemli bir oto-finansman kayna\u011f\u0131 olu\u015fturabiliyor.<\/p>\n \u015eirketlerin faaliyetlerinden elde ettikleri nakit ak\u0131\u015f\u0131n\u0131n g\u00fc\u00e7lenmesi, yeni maden sahalar\u0131n\u0131n geli\u015ftirilmesi, kapasite art\u0131\u015flar\u0131, teknoloji yat\u0131r\u0131mlar\u0131 ve bor\u00e7lulu\u011fun azalt\u0131lmas\u0131 a\u00e7\u0131s\u0131ndan \u00f6nemli bir avantaj sa\u011fl\u0131yor.<\/p>\n Bu nedenle piyasalarda yaln\u0131zca mevcut alt\u0131n fiyat\u0131n\u0131n de\u011fil, \u015firketlerin y\u00fckselen fiyatlar\u0131 ne \u00f6l\u00e7\u00fcde k\u00e2rl\u0131l\u0131\u011fa ve yeni yat\u0131r\u0131ma d\u00f6n\u00fc\u015ft\u00fcrebilece\u011finin de fiyatland\u0131\u011f\u0131 g\u00f6r\u00fcl\u00fcyor.<\/p>\n Alt\u0131nda 5.200 dolar yeniden g\u00fcndemde<\/strong><\/p>\n Uluslararas\u0131 finans kurulu\u015flar\u0131n\u0131n alt\u0131n piyasas\u0131na ili\u015fkin g\u00fcncel projeksiyonlar\u0131nda yukar\u0131 y\u00f6nl\u00fc beklentilerin g\u00fc\u00e7l\u00fc \u015fekilde korunmas\u0131 dikkat \u00e7ekiyor.<\/p>\n Goldman Sachs, Bank of America, Morgan Stanley, UBS, JPMorgan ve Deutsche Bank gibi k\u00fcresel finans kurulu\u015flar\u0131n\u0131n projeksiyonlar\u0131nda alt\u0131n fiyat\u0131n\u0131n \u00f6n\u00fcm\u00fczdeki d\u00f6nemde 4.800 ile 5.200 dolar band\u0131nda \u015fekillenebilece\u011fine y\u00f6nelik beklentiler bulunuyor.<\/p>\n Bu beklentilerin arkas\u0131nda merkez bankalar\u0131n\u0131n devam eden alt\u0131n al\u0131mlar\u0131, borsa yat\u0131r\u0131m fonlar\u0131na y\u00f6nelen sermaye, jeopolitik riskler ve k\u00fcresel para politikas\u0131na ili\u015fkin belirsizlikler yer al\u0131yor.<\/p>\n Alt\u0131ndaki y\u00fckseli\u015fin devam edip etmeyece\u011fi a\u00e7\u0131s\u0131ndan Amerika Birle\u015fik Devletleri Merkez Bankas\u0131’n\u0131n faiz politikas\u0131 da kritik \u00f6nem ta\u015f\u0131yor.<\/p>\n Faizlerin d\u00fc\u015fece\u011fine y\u00f6nelik beklentilerin g\u00fc\u00e7lenmesi, faiz getirisi bulunmayan alt\u0131n\u0131n f\u0131rsat maliyetini azaltarak de\u011ferli metale destek verebiliyor. Tersi durumda ise faiz art\u0131r\u0131m\u0131 beklentileri alt\u0131n \u00fczerinde bask\u0131 olu\u015fturabiliyor.<\/p>\n Reel faizden \u00e7ok beklentilerin y\u00f6n\u00fc izleniyor<\/strong><\/p>\n K\u00fcresel finans kurulu\u015flar\u0131n\u0131n de\u011ferlendirmelerinde alt\u0131n\u0131n gelece\u011fi a\u00e7\u0131s\u0131ndan yaln\u0131zca mevcut reel faiz seviyesinin de\u011fil, faiz beklentilerinin hangi y\u00f6nde de\u011fi\u015fti\u011finin \u00f6nemli oldu\u011fu vurgulan\u0131yor.<\/p>\n Jefferies analistlerinin de\u011ferlendirmelerine g\u00f6re piyasan\u0131n faiz indirimi beklentilerinden faiz art\u0131r\u0131m\u0131 senaryosuna ge\u00e7ti\u011fi d\u00f6nemlerde ya\u015fanan fiyat d\u00fczeltmesinin \u00f6nemli b\u00f6l\u00fcm\u00fcn\u00fcn tamamlanm\u0131\u015f olabilece\u011fi de\u011ferlendiriliyor.<\/p>\n Bu senaryonun g\u00fc\u00e7lenmesi halinde alt\u0131nda yeniden yukar\u0131 y\u00f6nl\u00fc hareket alan\u0131 olu\u015fabilece\u011fi \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n Ancak alt\u0131n\u0131n \u00f6n\u00fcndeki yol yaln\u0131zca faiz politikas\u0131yla belirlenmeyecek. K\u00fcresel enflasyon g\u00f6r\u00fcn\u00fcm\u00fc, dolar\u0131n seyri, jeopolitik riskler, merkez bankas\u0131 rezerv tercihleri ve yat\u0131r\u0131m fonlar\u0131n\u0131n pozisyonlar\u0131 da fiyatlama \u00fczerinde belirleyici olacak.<\/p>\n \u00c7in’in alt\u0131n al\u0131mlar\u0131 yak\u0131ndan izleniyor<\/strong><\/p>\n De\u011ferli metallerdeki y\u00fckseli\u015fi destekleyen en \u00f6nemli yap\u0131sal fakt\u00f6rlerden biri merkez bankalar\u0131n\u0131n rezervlerini \u00e7e\u015fitlendirme politikas\u0131 olarak \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n \u00c7in Merkez Bankas\u0131’n\u0131n temmuz ay\u0131nda rezervlerine 20 ton alt\u0131n ekledi\u011fi ve b\u00f6ylece \u00fcst \u00fcste be\u015finci ay alt\u0131n al\u0131m\u0131 ger\u00e7ekle\u015ftirdi\u011fi belirtiliyor.<\/p>\n Merkez bankalar\u0131n\u0131n rezervlerinde alt\u0131n\u0131n pay\u0131n\u0131 art\u0131rmas\u0131, de\u011ferli metal piyasas\u0131n\u0131n uzun vadeli g\u00f6r\u00fcn\u00fcm\u00fc a\u00e7\u0131s\u0131ndan \u00f6nemli g\u00f6r\u00fcl\u00fcyor.<\/p>\n \u00d6zellikle k\u00fcresel rezerv sisteminde dolara olan ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n azalt\u0131lmas\u0131 y\u00f6n\u00fcndeki e\u011filim, mali s\u00fcrd\u00fcr\u00fclebilirlik tart\u0131\u015fmalar\u0131 ve jeopolitik blokla\u015fma, alt\u0131n\u0131n merkez bankas\u0131 rezervlerindeki stratejik \u00f6nemini art\u0131r\u0131yor.<\/p>\n Merkez bankalar\u0131n\u0131n d\u00fczenli al\u0131mlar\u0131, yaln\u0131zca fiyatlara do\u011frudan destek sa\u011flamakla kalm\u0131yor, \u00f6zel yat\u0131r\u0131mc\u0131lar\u0131n alt\u0131na y\u00f6nelik uzun vadeli g\u00fcvenini de g\u00fc\u00e7lendiriyor.<\/p>\n G\u00fcvenli liman aray\u0131\u015f\u0131 yeniden g\u00fc\u00e7leniyor<\/strong><\/p>\n Alt\u0131n ve madencilik hisselerinin ayn\u0131 d\u00f6nemde h\u0131zl\u0131 y\u00fckselmesi, k\u00fcresel sermayenin g\u00fcvenli liman niteli\u011fi ta\u015f\u0131yan veya reel varl\u0131klara dayal\u0131 yat\u0131r\u0131m ara\u00e7lar\u0131na ilgisinin artt\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n K\u00fcresel piyasalardaki yat\u0131r\u0131mc\u0131 davran\u0131\u015f\u0131nda son d\u00f6nemde tek y\u00f6nl\u00fc bir hareketten \u00e7ok, riskler aras\u0131nda h\u0131zl\u0131 ge\u00e7i\u015fler dikkat \u00e7ekiyor.<\/p>\n Petrol fiyatlar\u0131ndaki d\u00fc\u015f\u00fc\u015f enflasyon risklerini s\u0131n\u0131rlarken, istihdam piyasas\u0131ndaki so\u011fuma faiz beklentilerini de\u011fi\u015ftiriyor. Jeopolitik geli\u015fmeler ise g\u00fcvenli liman talebini s\u00fcrekli canl\u0131 tutuyor.<\/p>\n Bu ortamda alt\u0131n, merkez bankalar\u0131 ve kurumsal yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan hem rezerv \u00e7e\u015fitlendirme arac\u0131 hem de piyasa risklerine kar\u015f\u0131 koruma sa\u011flayan stratejik bir varl\u0131k olmay\u0131 s\u00fcrd\u00fcr\u00fcyor.<\/p>\n Alt\u0131n fonlar\u0131nda getiriler y\u00fckseldi<\/strong><\/p>\n Makroekonomik geli\u015fmelerin etkisi yat\u0131r\u0131m fonlar\u0131n\u0131n haftal\u0131k performanslar\u0131na da yans\u0131d\u0131.<\/p>\n Alt\u0131n fiyatlar\u0131ndaki sert y\u00fckseli\u015fle birlikte alt\u0131n fonlar\u0131 haftan\u0131n en dikkat \u00e7eken yat\u0131r\u0131m ara\u00e7lar\u0131 aras\u0131na girdi.<\/p>\n A1 Capital taraf\u0131ndan y\u00f6netilen AU1 kodlu alt\u0131n fonu haftal\u0131k y\u00fczde 5,82 getiriyle ilk s\u0131rada yer ald\u0131.<\/p>\n Fiba Portf\u00f6y taraf\u0131ndan y\u00f6netilen FIB y\u00fczde 5,48, Pardus Portf\u00f6y’\u00fcn PAF fonu y\u00fczde 5,42 de\u011fer kazand\u0131.<\/p>\n Kuveyt T\u00fcrk’\u00fcn KUT fonu y\u00fczde 5,37, BV Portf\u00f6y taraf\u0131ndan y\u00f6netilen BAI fonu ise y\u00fczde 5,29 getiri sa\u011flad\u0131.<\/p>\n Alt\u0131n fonlar\u0131nda y\u00fckseli\u015f ya\u015fan\u0131rken di\u011fer fon kategorilerindeki sermaye hareketleri de dikkat \u00e7ekti.<\/p>\n Hisse senedi fonlar\u0131ndan 17,15 milyar liral\u0131k, serbest fonlardan ise 80,22 milyar liral\u0131k para \u00e7\u0131k\u0131\u015f\u0131 ger\u00e7ekle\u015fti.<\/p>\n Bu tablo, yat\u0131r\u0131mc\u0131lar\u0131n riskli varl\u0131klardaki pozisyonlar\u0131n\u0131n bir b\u00f6l\u00fcm\u00fcn\u00fc azalt\u0131rken alt\u0131n ve benzeri ara\u00e7lara y\u00f6neldi\u011fine ili\u015fkin \u00f6nemli sinyaller verdi.<\/p>\n Yabanc\u0131 yat\u0131r\u0131mc\u0131 hissede satt\u0131, tahvilde kald\u0131<\/strong><\/p>\n Yabanc\u0131 yat\u0131r\u0131mc\u0131lar\u0131n T\u00fcrkiye piyasalar\u0131ndaki pozisyon de\u011fi\u015fimi de haftan\u0131n \u00f6nemli ba\u015fl\u0131klar\u0131ndan biri oldu.<\/p>\n Yabanc\u0131 yat\u0131r\u0131mc\u0131lar\u0131n hisse senedi piyasas\u0131nda alt\u0131 hafta boyunca kesintisiz s\u00fcrd\u00fcrd\u00fc\u011f\u00fc al\u0131m serisi sona erdi.<\/p>\n Yabanc\u0131lar haftal\u0131k d\u00f6nemde hisse senetlerinde 185,94 milyon dolarl\u0131k net sat\u0131\u015f ger\u00e7ekle\u015ftirdi. Bu hareket, \u00f6nceki haftalardaki y\u00fckseli\u015flerin ard\u0131ndan k\u00e2r realizasyonu olarak de\u011ferlendiriliyor.<\/p>\n Hisse taraf\u0131ndaki sat\u0131\u015fa kar\u015f\u0131n yabanc\u0131 yat\u0131r\u0131mc\u0131n\u0131n tahvil piyasas\u0131ndaki ilgisinin devam etmesi dikkat \u00e7ekti.<\/p>\n Yabanc\u0131 yat\u0131r\u0131mc\u0131lar ayn\u0131 haftada 163,96 milyon dolarl\u0131k net Devlet \u0130\u00e7 Bor\u00e7lanma Senedi al\u0131m\u0131 ger\u00e7ekle\u015ftirdi.<\/p>\n B\u00f6ylece yabanc\u0131 yat\u0131r\u0131mc\u0131lar\u0131n elindeki toplam tahvil stokunun 17,89 milyar dolar seviyesine ula\u015ft\u0131\u011f\u0131 belirtildi.<\/p>\n Hisse senedi piyasas\u0131nda k\u00e2r sat\u0131\u015f\u0131na y\u00f6nelen yabanc\u0131 yat\u0131r\u0131mc\u0131n\u0131n tahvil pozisyonlar\u0131n\u0131 korumas\u0131, T\u00fcrkiye’deki faiz patikas\u0131 ve dezenflasyon s\u00fcrecine y\u00f6nelik beklentilerin yabanc\u0131 portf\u00f6y tercihlerinde etkili olmay\u0131 s\u00fcrd\u00fcrd\u00fc\u011f\u00fcn\u00fc g\u00f6steriyor.<\/p>\n Piyasalarda yeni denge aray\u0131\u015f\u0131 \u00f6ne \u00e7\u0131k\u0131yor<\/strong><\/p>\n K\u00fcresel ve yerel piyasalarda ortaya \u00e7\u0131kan tablo, yat\u0131r\u0131mc\u0131lar\u0131n tek bir varl\u0131k s\u0131n\u0131f\u0131na y\u00f6nelmek yerine risk-getiri dengesini yeniden kurmaya \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n Bir tarafta Amerika Birle\u015fik Devletleri’nde istihdam piyasas\u0131n\u0131n yava\u015flamas\u0131 faiz beklentilerini de\u011fi\u015ftirirken di\u011fer tarafta petrol fiyatlar\u0131ndaki gerileme k\u00fcresel enflasyon bask\u0131s\u0131na ili\u015fkin endi\u015feleri azalt\u0131yor.<\/p>\n Jeopolitik risklerde zaman zaman ya\u015fanan d\u00fc\u015f\u00fc\u015fler enerji fiyatlar\u0131n\u0131 a\u015fa\u011f\u0131 \u00e7ekerken, yeni gerilim ihtimalleri alt\u0131n gibi g\u00fcvenli liman varl\u0131klara olan ilgiyi desteklemeye devam ediyor.<\/p>\n Bu nedenle \u00f6n\u00fcm\u00fczdeki d\u00f6nemde alt\u0131n\u0131n y\u00f6n\u00fc a\u00e7\u0131s\u0131ndan Amerika Birle\u015fik Devletleri’nden gelecek istihdam ve enflasyon verileri, merkez bankalar\u0131n\u0131n para politikalar\u0131, petrol fiyatlar\u0131 ve jeopolitik geli\u015fmeler yak\u0131ndan takip edilecek.<\/p>\n Madencilik sekt\u00f6r\u00fcnde bilan\u00e7o d\u00f6nemi daha kritik hale geliyor<\/strong><\/p>\n Alt\u0131n fiyatlar\u0131ndaki y\u00fckseli\u015f sonras\u0131nda yat\u0131r\u0131mc\u0131lar\u0131n oda\u011f\u0131nda madencilik \u015firketlerinin bilan\u00e7olar\u0131 da bulunacak.<\/p>\n Y\u00fcksek alt\u0131n fiyatlar\u0131n\u0131n \u015firketlerin sat\u0131\u015f gelirlerine ne \u00f6l\u00e7\u00fcde yans\u0131d\u0131\u011f\u0131, \u00fcretim maliyetlerinin seyri, enerji ve i\u015f\u00e7ilik giderleri, yeni yat\u0131r\u0131m harcamalar\u0131 ve \u015firketlerin \u00fcretim hacimleri hisse performans\u0131nda belirleyici olabilir.<\/p>\n \u00d6zellikle \u00fcretim maliyetlerini s\u0131n\u0131rl\u0131 tutabilen ve g\u00fc\u00e7l\u00fc nakit yaratabilen \u015firketlerin y\u00fcksek alt\u0131n fiyatlar\u0131ndan daha fazla faydalanabilece\u011fi de\u011ferlendiriliyor.<\/p>\n Alt\u0131n\u0131n dolar baz\u0131nda y\u00fckselmesi, T\u00fcrkiye’deki alt\u0131n \u00fcreticileri a\u00e7\u0131s\u0131ndan kur hareketleriyle birlikte de\u011ferlendirildi\u011finde gelir taraf\u0131nda ayr\u0131ca \u00f6nemli bir etki yaratabiliyor.<\/p>\n Bu nedenle \u00f6n\u00fcm\u00fczdeki haftalarda madencilik hisselerinde yaln\u0131zca k\u00fcresel alt\u0131n fiyatlar\u0131n\u0131n de\u011fil, \u015firket bazl\u0131 operasyonel geli\u015fmelerin de \u00f6ne \u00e7\u0131kmas\u0131 bekleniyor.<\/p>\n \u015eirketlerden \u00f6nemli geli\u015fmeler<\/strong><\/p>\n Piyasalarda alt\u0131n ve madencilik hisseleri \u00f6ne \u00e7\u0131karken \u015firket haberlerinde de yo\u011fun bir g\u00fcndem ya\u015fand\u0131.<\/p>\n ARD Bili\u015fim’in 163,5 milyon lira ve 780 bin dolar tutar\u0131nda sipari\u015f ald\u0131\u011f\u0131 a\u00e7\u0131kland\u0131.<\/p>\n \u00c7imenta\u015f hakk\u0131nda Rekabet Kurulu taraf\u0131ndan verilen 37,37 milyon liral\u0131k cezaya ili\u015fkin gerek\u00e7eli karar kamuoyuna yans\u0131d\u0131.<\/p>\n SASA’n\u0131n temmuz ay\u0131ndaki sat\u0131\u015flar\u0131n\u0131n y\u00fczde 60 art\u0131\u015fla 178 milyon dolara \u00e7\u0131kt\u0131\u011f\u0131 bildirildi.<\/p>\n CarrefourSA’n\u0131n y\u00fczde 89,29 oran\u0131ndaki orta\u011f\u0131 Yeni Ma\u011fazac\u0131l\u0131k taraf\u0131ndan \u015firkete 4,05 milyar liral\u0131k faizsiz sermaye avans\u0131 sa\u011fland\u0131.<\/p>\n Hateks’te \u00e7al\u0131\u015fan say\u0131s\u0131 y\u00fczde 12 azalarak 431 ki\u015fiye geriledi.<\/p>\n \u00d6zya\u015far Tel’in i\u015ftiraki Yetkilendirilmi\u015f Y\u00fck\u00fcml\u00fc Stat\u00fcs\u00fc sertifikas\u0131 almaya hak kazanarak kolayla\u015ft\u0131r\u0131lm\u0131\u015f g\u00fcmr\u00fck uygulamalar\u0131ndan yararlanma imk\u00e2n\u0131 elde etti.<\/p>\n Mondi Turkey’nin Gebze fabrikas\u0131ndaki faaliyetlerini sonland\u0131rd\u0131\u011f\u0131 bildirildi.<\/p>\n IC Enterra’n\u0131n depolamal\u0131 r\u00fczg\u00e2r enerjisi projeleri i\u00e7in \u00c7evresel Etki De\u011ferlendirmesi kararlar\u0131n\u0131 ald\u0131\u011f\u0131 a\u00e7\u0131kland\u0131.<\/p>\n Ford’un 2030 y\u0131l\u0131na kadar toplam 364 milyon avroluk yat\u0131r\u0131m ger\u00e7ekle\u015ftirmeyi planlad\u0131\u011f\u0131 belirtildi.<\/p>\n Vak\u0131f Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131’n\u0131n \u0130zmir’in Konak il\u00e7esinde 660 milyon liraya ta\u015f\u0131nmaz sat\u0131n ald\u0131\u011f\u0131 duyuruldu.<\/p>\n G\u00f6zler faiz, istihdam ve jeopolitik geli\u015fmelerde<\/strong><\/p>\n Piyasalar\u0131n \u00f6n\u00fcndeki d\u00f6nemde alt\u0131n\u0131n y\u00fckseli\u015fini s\u00fcrd\u00fcrebilmesi i\u00e7in birden fazla de\u011fi\u015fken ayn\u0131 anda takip edilecek.<\/p>\n Amerika Birle\u015fik Devletleri istihdam piyasas\u0131n\u0131n daha fazla so\u011fumas\u0131 ve enflasyonun kontrol alt\u0131nda kalmas\u0131 durumunda faiz beklentilerindeki gev\u015feme de\u011ferli metalleri destekleyebilir.<\/p>\n Buna kar\u015f\u0131l\u0131k petrol fiyatlar\u0131nda yeniden sert y\u00fckseli\u015f ya\u015fanmas\u0131 ve enflasyon endi\u015felerinin g\u00fc\u00e7lenmesi, faizlerin daha uzun s\u00fcre y\u00fcksek tutulaca\u011f\u0131 y\u00f6n\u00fcndeki beklentileri art\u0131rarak alt\u0131n \u00fczerinde bask\u0131 yaratabilir.<\/p>\n Merkez bankalar\u0131n\u0131n alt\u0131n al\u0131mlar\u0131na devam etmesi, borsa yat\u0131r\u0131m fonlar\u0131na sermaye giri\u015flerinin h\u0131zlanmas\u0131 ve jeopolitik risklerin y\u00fcksek kalmas\u0131 ise orta ve uzun vadede alt\u0131n\u0131n g\u00fc\u00e7l\u00fc kalmas\u0131n\u0131 destekleyen ba\u015fl\u0131ca fakt\u00f6rler aras\u0131nda yer al\u0131yor.<\/p>\n Ocak ay\u0131nda g\u00f6rd\u00fc\u011f\u00fc 5.395 dolarl\u0131k zirvenin ard\u0131ndan sert bir d\u00fczeltme ya\u015fayan ons alt\u0131nda a\u011fustos ay\u0131n\u0131n ilk haftas\u0131nda ortaya \u00e7\u0131kan toparlanma, yat\u0131r\u0131mc\u0131lar\u0131n yeniden 5.000 dolar\u0131n \u00fczerindeki seviyeleri konu\u015fmaya ba\u015flamas\u0131na neden oldu.<\/p>\n Alt\u0131n\u0131n bundan sonraki hareketi yaln\u0131zca de\u011ferli metal yat\u0131r\u0131mc\u0131s\u0131n\u0131 de\u011fil; madencilik hisselerini, yat\u0131r\u0131m fonlar\u0131n\u0131, merkez bankalar\u0131n\u0131n rezerv politikalar\u0131n\u0131 ve k\u00fcresel sermaye ak\u0131mlar\u0131n\u0131 da do\u011frudan etkileyecek.<\/p>\n","protected":false},"excerpt":{"rendered":" H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndaki tansiyonun azalmas\u0131 petrol fiyatlar\u0131n\u0131 a\u015fa\u011f\u0131 \u00e7ekerken, ABD\u2019de istihdam piyasas\u0131ndan gelen zay\u0131flama sinyalleri alt\u0131na destek verdi. Ons alt\u0131n haftay\u0131 y\u00fczde 8,25 y\u00fckseli\u015fle 4.373 dolardan tamamlarken Borsa \u0130stanbul\u2019da madencilik endeksi y\u00fczde 14,21 prim yapt\u0131. K\u00fcresel yat\u0131r\u0131mc\u0131lar\u0131n g\u00fcvenli liman ve reel varl\u0131klara y\u00f6neli\u015fi g\u00fc\u00e7lenirken, uluslararas\u0131 finans kurulu\u015flar\u0131n\u0131n alt\u0131n i\u00e7in 4.800-5.200 dolar aral\u0131\u011f\u0131ndaki beklentileri yeniden g\u00fcndeme geldi.<\/p>\n","protected":false},"author":2,"featured_media":42566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[265,1718,655,486],"class_list":["post-42565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-altin","tag-altinfiyatlari","tag-gumus","tag-onsaltin"],"yoast_head":"\n