Gold Runs To A Record

The price of quarter gold, which closed last week from 502 TL, has reached a record of 513.5 TL today and has renewed a record. In the last month alone, the value increase below the quarter exceeded 6.4 percent in TL terms. In the increase in gold prices, two reasons originated from abroad and one originated from abroad came to the fore. With the coronavirus epidemic in China diverting international investors to the safe haven, the ounce price of gold rose from $ 1560 to $ 1609 in the period between January 20 and February 19. During this period, as the dollar index increased by about 2 percent, the gold profitability of gold increased even more. The increase in geopolitical tensions due to Idlib also triggered depreciation in TL. While gold and dollar appreciated and TL depreciated, gold again provided high returns to its investors.