Created Date: October 13, 2025 07:45
Gold and silver started the week with record highs due to US President Donald Trump’s 100 percent tax decision against China and the markets’ expectations that the US Federal Reserve will cut interest rates. While gold markets expert Candaş Atalay pointed out the price level of 6000 TL per gram of gold as the end of 2025, he said, “I can say that the price level of 8000 TL has already entered our projections for 2026.”
The new week started with new records in gold and silver.
Trump’s statements regarding China brought uncertainties back to the agenda and supported safe haven purchases. In addition, expectations that the US Federal Reserve will reduce interest rates also increased the demand for precious metals.
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In the morning hours, they tested new historical highs above $4,078 per ounce of gold and $51.73 per ounce of silver. Currently, gold is buying at $4073 percent.
In the domestic markets, gold reached its historical peak, reaching 5483 TL per gram.
SILVER INCREASED BY 71 PERCENT SINCE THE BEGINNING OF THE YEAR
Gold markets expert Candaş Atalay stated that gold and silver markets are experiencing historical turning points. Stating that gold has exceeded the level of 4000 dollars and silver has exceeded the level of 50 dollars, Atalay said, “After falling below the level of 4000 dollars last week, gold has rebounded and is trading at record levels above 4070 dollars. Gold has been showing successive gains for the last eight weeks. Silver asset has similarly maintained its gains for eight weeks. Nominal silver prices have exceeded the level seen in 2011 and set a new record peak.” he said. The expert stated that silver, which gained over 4 percent last week, has provided 71 percent profit to its investors since the beginning of the year. Atalay continued his words as follows:
“While geopolitical tensions are easing in the Middle East, we observe that this cannot put pressure on gold and silver prices. Since investors are afraid of missing this rise, they continue to buy gold and silver, even though excessive purchasing has occurred. This is a point that should be taken into consideration.”
“Gold rests its incredible rise with profit sales from time to time. Investors consider every decrease in the unit price as a new buying opportunity. But there will be a range where this cycle will be broken and a long-term price correction may occur.”
“The main reason for the increase is that we see that gold is bought simultaneously in almost all parts of the world. While Asia (China, India, Singapore and Russia) has been shouldering the gold prices in the past 2 years, it seems that western investors have also turned to gold as the Fed started to reduce interest rates again. Western investors, who have been buying US bonds for a long time, bought 100 tons of net gold only in gold-based investment funds in September, which is the last time the Russia-Ukraine war started.” was seen during the period. Trump’s aggressive policies and customs duties caused the US dollar to lose significant value. “This triggered an escape from the US dollar and US bonds and a tendency towards gold.”
BUYING OPPORTUNITY UNDER
“Due to the fact that taxes on gold and silver have been abolished in 33 states in the USA, the state of Texas announced that it will start using gold and silver as a means of payment as of May 2027, and the gradual decrease in the value of the dollar (the expectation that it will continue to decrease in the coming period due to the Fed’s interest rate cuts), the possibility of central banks strengthening their reserves with gold as a value protection shield has emerged. Especially, the fact that stocks in the world are at historical peaks, the dollar and bonds are at their historical peaks. We are going through a period in which the weakening image and the extremely volatile and unreliable situation of cryptos leave investors with no choice but to buy gold and silver. “Any pullback and decline in gold prices will remain extremely limited and will create an extra opportunity for new investors to purchase.”
8000 TL ENTERED PROJECTION
Atalay states that gram gold maintains its strong appearance, although it is more expensive than abroad, especially with the strong domestic demand and the recent problems in gold supply. Gold markets expert: “While 6000 TL is an achievable target for the end of this year, I can say that 8000 TL has already entered our price level projections for 2026. Gold will successfully fulfill its duty as a value protection shield against inflation next year, as it did this year.” he says.
Trump decided to impose 100 percent tariffs on Chinese goods on Friday. In addition, it announced new software export controls that will come into force on November 1 in response to Chinese restrictions on rare earth elements and equipment exports. While Beijing described this step as legitimate, it refrained from imposing additional taxes on US goods for now.
In addition, markets are supported by the possibility of a Fed interest rate cut and are almost certainly pricing in the possibility of a 25 basis point rate cut in October. In addition, a similar step is expected from the Fed in December.
Platinum increased by 2.6 percent to $1,628.80, and palladium increased by 2.6 percent to $1,442.06.
