Gold Prices Hit Historic Record After Trump's Iran Statement: Ounce Surpasses $5,100

Trump's Iran Statement Stirs Markets US President Donald Trump’s response of "I am considering it" to a question about a possible military intervention against Iran has pushed safe-haven demand to its peak in global markets.
With escalating geopolitical risks, gold per ounce gained 2.25% on the final trading day of the week, rising to $5,108.
This level was recorded as the highest weekly close of all time for the gold market.
Gram Gold Surpasses 7,500 TL Threshold in Domestic Market The upward momentum in global markets caused prices to climb rapidly domestically.
In the spot market, gram gold completed the week at 7,198 TL, while quarter gold prices climbed to the 12,263 TL levels.
Tax and Interest Effects on the Global Economy In addition to the volatility in gold prices, Trump’s decision to implement an additional 10% customs duty on all countries resonated widely in the markets.
Following this move, an increase was observed in stock markets, while the dollar index experienced a slight decline.
The S&P 500 index showed its best performance in recent weeks with a 0.7% increase, while in the cryptocurrency market, Bitcoin stabilized at $67,670 and Ether at $1,970.
Technical Levels and Expectations Economic analysts predict that geopolitical risks in the Middle East will continue to be a decisive factor for gold prices.
From a technical perspective, the $5,120 level for gold per ounce is being monitored as a short-term resistance point.
In case of potential pullbacks, $5,000 remains important as psychological support, while $4,850 maintains its significance as a technical support level.