Why are gold prices rising? Breaks new record

On the last trading day of the week, ounce and gram gold broke a record. For the first time in history, the ounce of gold reached $2500 and the gram of gold reached 2709 TL. The precious metal, which acts as a ‘safe haven’ in crises, is also noteworthy, especially in an environment where recession, geopolitical tensions and monkey pox virus news are increasing.

Why are gold prices rising? Breaks new record

As of Friday, August 16, there was a sharp rise in gold. Ounce of gold added a new one to the records it broke in a row this year and became $2500. Along with the ounce of gold, a record came in gram gold on TL basis. Gram gold also reached its highest level with 2709 TL.

Germans expect $2600

During the day, Commerzbank, one of the most well-established banks of the Germans,’s price forecast of $2600 for 2025 was also in the news.

Is the reason for the increase crisis expectation?

Gold, which acts as a safe haven in both financial and geopolitical crises; It does not go unnoticed that it rises in an environment where news that Iran will launch an attack on Israel, the US will enter recession and the monkey pox virus is spreading.

Ounce of gold, which retreated slightly after the $2500 level, is trading at $2486 in the minutes the news is written.

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