Gold Drops Below the $4,000 Psychological Threshold
Sharp Decline After Record High
Spot gold fell below the $4,000 level after reaching $4,059 midweek, closing Friday at $3,972 — down 0.11%.
Gram Gold Follows the Trend
Gram gold slipped from 5,443 TRY to 5,291 TRY, ending the week at 5,337 TRY.
Dollar Strength Adds Pressure
- The U.S. Dollar Index (DXY) hovered near a two-month high at 99 points.
- A stronger dollar made gold more expensive for foreign investors.
Geopolitical and Strategic Factors
Israel’s approval of President Trump’s Gaza ceasefire plan eased safe-haven demand, increasing selling pressure on gold.
Ray Dalio, founder of Bridgewater Associates, advised investors to allocate 15% of their portfolios to gold as a key strategic diversifier.
