Sharp Decline in Gold Prices After Fed Rate Hike

The Fed's decision to raise its policy rate by 25 basis points caused fluctuations in the gold market. Before the decision, spot gold was on an upward trend, but after the decision, it fell to $4,243. Gram gold also dropped to 6,642 TL. The Fed's rate hike generally stands out as a factor that puts pressure on gold prices. The rise in interest rates can increase bond yields and reduce the appeal of gold. This can lead investors to turn to interest-bearing instruments instead of gold. The sharp decline in gold prices is being closely monitored by market participants. The fall of spot gold to $4,243 and gram gold to 6,642 TL is seen as a reflection of short-term selling pressure. The volatility in the gold market after the Fed's decision also affects investors' risk perception. Whether the rate hike cycle will continue could be decisive for the direction of gold prices in the coming period. Not investment advice.

📊 GOLD — Piyasa Yorumu

▼ down · 70%

Fed's rate hike is a negative factor for gold; a rate hike raises the opportunity cost of holding gold and strengthens the dollar. The price is trading below the SMA20 (47.71) and SMA50 (47.64) at 46.70, indicating short-term weakness. The RSI is at 41, not close to oversold territory, meaning there is still room for a decline. The MACD is negative and below the signal line, momentum is downward. Downward pressure is likely to continue within 1-3 days, but the RSI approaching 40 also brings the possibility of limited reaction buying.

RSI 14

41.2

MACD

-0.03

24h Δ

-2.81%

📊 GLD — Piyasa Yorumu

▼ down · 70%

The Fed's rate hike is a negative factor for gold; rate hikes generally pressure gold prices. The RSI is at 38 and the MACD is in negative territory, indicating weak momentum. The price is well below the SMA20 and SMA50, confirming the downtrend. In the short term (1-3 days), downward pressure is likely to continue. However, the RSI approaching oversold territory also brings the possibility of a limited rebound.

RSI 14

37.9

MACD

-1.15

24h Δ

-0.35%

📊 USDTRY — Piyasa Yorumu

■ neutral · 40%

Although the news headline is gold-focused, the Fed's interest rate hike signal is indirectly important for USDTRY. However, current technical indicators point to a sideways trend: RSI is neutral around 50, MACD is slightly below the signal line, and the price is very close to SMA20/SMA50. Therefore, a clear direction in USDTRY is not expected in the short term; the impact of the news may remain limited. Nevertheless, the risk of dollar strengthening due to the Fed should not be ignored.

RSI 14

50.8

MACD

0.00

24h Δ

0.00%

Canlı Grafikler