Marina Lyubimova
⬤ Market analyst Muhendisborsa recently pointed out that gram gold has been in a steady three-year uptrend, currently trading around 5,428 TRY. The price has been moving within a clear rising channel, respecting both upper and lower boundaries. This has become a hot topic in gold price discussions, as traders try to figure out how much of the rise comes from actual gold strength versus the weakening Turkish lira.
⬤ Policy analysts are discussing potential new taxes or tighter rules on gold trading, though the original author didn't mention this. Such changes could hurt small traders and jewelry shops by raising costs and creating uncertainty. This might push financial talent toward more stable markets, raising questions about Turkey's precious metals sector long-term.
⬤ The source emphasizes looking at gram gold in both TRY and USD terms. As Muhendisborsa noted: comparing the price-to-dollar ratio from three years ago to today shows whether gold has truly appreciated or if it's just currency depreciation. The chart clearly shows prices climbing consistently within the channel, with new highs each year.
⬤ Turkish investors continue to view gold as their best hedge against currency swings. The big question now is whether this trend can hold without more lira weakness. With gram gold still firmly in its multi-year upward channel, traders are watching both exchange rates and possible regulatory changes closely.
Marina Lyubimova
