Historic Record in Gold Prices: Trump's Tariff Moves and Geopolitical Tensions Shake Markets

Geopolitical Tensions and the Search for Safe Havens Precious metals continue their upward momentum under the shadow of increasing geopolitical risks and trade wars.
Gold, which had been trading sideways around the $4,800 level for some time, has surpassed the $5,100 threshold due to the impact of global tensions.
In physical markets, gram gold has begun trading at the 7,400 lira level.
The joint military exercise conducted by China, Russia, and Iran in the Strait of Hormuz, in response to the U.S.
military buildup in the region, has increased market anxiety.
With investors' tendency to avoid risk, capital flows have once again turned toward precious metals, which are viewed as a safe haven.
Trump's Tariff Move and Trade Wars Uncertainty in global trade has taken on a new dimension following the U.S.
Supreme Court's decision to invalidate Donald Trump's customs duties.
Reacting to the decision, Trump announced that he has increased the global tax rate first to 10% and then to 15% under the 1974 Trade Act.
Stating that existing taxes will not be refunded, Trump's move has brought global trade wars back to the top of the agenda.
Market Expectations and Technical Levels Analysts predict that demand for precious metals will strengthen further with the reopening of Chinese markets after a week-long holiday.
From a technical perspective, it is stated that if gold holds above the $5,120 level, a new movement toward $5,500 could begin.
For silver, it is estimated that closings above $84 could carry the price to $92.
Oil Prices Rising in Energy Markets Geopolitical developments continue to exert upward pressure on energy commodities.
Brent oil rose above $71 due to tensions on the U.S.-Iran line and the lack of concrete results from Russia-Ukraine negotiations.
Military activity in the region and harsh statements from leaders support the upward pressure on oil prices.