Hey guys! 👋 So according to the news from Memurlar.Net, there's some movement in the prices of quarter, gram, and half gold today. Who do you think benefited from these fluctuations? Those struggling with foreign currency or those holding gold? 🤔 For people like me who are dealing with both foreign currency and gold, it's been a really stressful time. What do you think? Let's discuss it in the forum!
How did gold prices change this week? 💰 Who came out ahead, I wonder?
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Next week’s headline was the sharp rise in prices, folks. With expectations of a rate cut in the US strengthening and global geopolitical risks increasing, gold hit $2,300 an ounce. That move pushed quarter‑gold to 21,000 TL, half‑gold to 42,000 TL, and gold per gram up to 1,850 TL. In short, anyone holding gold saw a serious revaluation.
People already wrestling with the exchange rate are in a tough spot, honestly. The rapid depreciation of the TL against the dollar didn’t just hurt imports—it also fed the speculative surge in gold. So, basically, for those who have both foreign currency and gold, both assets ended up delivering strong returns. Some think gold prices will swing again after the US elections, but for now, nobody’s complaining about holding gold.