Sharp Decline in Gold and Silver Prices: Current Data for February 18

Gold Prices Under Pressure in Global Markets Gold prices in global markets are testing their lowest levels in recent weeks, influenced by easing geopolitical risks and macroeconomic data.
Spot gold fell by 2.29% daily, dropping as low as $4,878 per ounce.
During intraday trading, the precious metal touched $4,842, marking its lowest level since February 6.
Following some reaction buying, prices are currently attempting to stabilize around the $4,915 level.
Geopolitical Developments and Technical Levels Positive signals from nuclear negotiations between the United States and Iran have been a decisive factor in the decline of gold prices.
Statements from Iranian President Masoud Pezeshkian regarding the lack of nuclear weapon ambitions and progress made during talks in Geneva have weakened the demand for safe-haven assets.
From a technical perspective, the 50-day moving average of $4,730 per ounce is being monitored as a critical support point.
Economic Data and FED Expectations In the United States, January inflation came in at 2.4% annually, lower than market expectations, keeping hopes for a Federal Reserve interest rate cut alive.
While potential drops in dollar interest rates could support precious metals in the medium term, the closure of Asian markets for the Lunar New Year holiday and the global strength of the dollar continue to exert pressure on prices.
Current Gold and Silver Prices for February 18 As of February 18, the current market figures are as follows: Gram Gold: 7,426 TL Quarter Gold: 12,150 TL Half Gold: 24,290 TL Republic Gold: 48,609 TL With spot gold at $4,926, gram silver is trading at 105.51 TL, while silver per ounce is hovering around the $75 level.