Pressure Continues on Gold and Precious Metals: Market Analysis from Assoc. Prof. Dr. Filiz Eryılmaz

Liquidity and Fed Pressure in the Markets Economist Assoc.
Prof.
Filiz Eryılmaz analyzed the fundamental dynamics affecting the performance of gold and precious metals in global markets.
Eryılmaz stated that reduced liquidity, particularly due to the closure of Chinese markets, has put pressure on gold and silver prices.
Pointing out that the dollar index is approaching the 98 level due to strong economic data from the US and the Fed's hawkish stance delaying interest rate cuts, Eryılmaz noted that rising US 10-year bond yields have created significant selling pressure on gold.
Changes in Safe-Haven Perception and Technical Levels Emphasizing that gold has failed to make the expected breakout despite geopolitical risks, Eryılmaz argued that precious metals have begun to lose their "safe haven" status over the past two weeks.
It is observed that investors have started to prefer the dollar or US bonds over gold during risky periods.
Regarding technical levels, Eryılmaz stated that ounce gold is moving in the $4,800 to $5,100 range and that the $5,100 level must be surpassed for a permanent rise.
For silver, she added that the $70-$90 range is a critical threshold.
Investor Preferences Shifting to Equity Funds Assoc.
Eryılmaz also touched upon the change in investor behavior, stating that many investors in Turkey are selling their gold assets and turning to equity-intensive funds that offer higher returns.