Gold's Second Half Scenario: Fed and Geopolitical Risks to Be Decisive

Gold prices, which reached historic highs in the first months of the year, declined in the second quarter. Amid a strengthening dollar, shifting interest rate expectations, and developments in the Middle East, spot gold ended the first half with a loss. Experts indicate that Fed policies and geopolitical risks will be decisive in pricing during the second half of the year. Gold prices performed strongly at the start of the year, attracting investor interest. However, the rise in the dollar index and expectations of interest rate hikes put pressure on spot gold in the second quarter. Geopolitical tensions in the Middle East increased uncertainty and influenced price movements. Analysts emphasize that the Fed's monetary policy decisions will play a critical role for gold in the second half. Expectations of interest rate cuts or tightening measures are among the key factors determining the direction of spot gold. Additionally, it is noted that if geopolitical risks persist, safe-haven demand may increase. Investors should remain cautious about fluctuations in gold prices and closely monitor market developments. Experts state that whether spot gold can remain above the $2,000 level in the second half depends on the Fed's actions. This is not investment advice.