Assoc. Prof. Dr. Filiz Eryılmaz: Tariff Uncertainty and Geopolitical Risks Drive Gold Demand

Global Market Uncertainty and Geopolitical Risks Pusula Yatırım Chief Economist Assoc.
Prof.
Filiz Eryılmaz stated that global markets began the new week with a heavy agenda and increasing uncertainty.
US Tariff Decisions and Trade Wars Eryılmaz mentioned that despite the US Supreme Court's cancellation of certain tariffs, uncertainty persists, bringing new questions to the forefront.
Emphasizing the critical importance of the roadmap to be followed by the Trump administration and trade relations with other countries, Eryılmaz reported that the European Commission's suspension of some tariffs has made the process more complex.
These developments have reportedly suppressed global risk appetite, with a negative outlook observed in Asian and US futures indices.
Search for Safe Havens: Gold and Silver on the Rise Stating that investors are turning to safe havens in an environment of uncertainty, Eryılmaz noted that while crypto assets are experiencing a pullback, precious metals are gaining value.
Pointing out that Bitcoin fell below the $65,000 level, whereas gold rose to the $5,176 levels and silver saw increases exceeding 3 percent, Eryılmaz drew attention to the high volatility in the markets.
US-Iran Negotiations and Domestic Market Reflections Touching upon the importance of the third round of talks planned between the US and Iran in Geneva, Eryılmaz stated that even if a full-scale nuclear deal is not reached, the possibility of an interim compromise is welcomed by the markets.
Expressing that this optimism is reflected in domestic markets, Eryılmaz mentioned that Borsa Istanbul is following a positive course, trading above 14,000 points.
Eryılmaz emphasized that upcoming growth data from the US and messages from the Fed will continue to be decisive for gold prices.