Gram Gold Doubles in Value Over the Past Year
Gold Delivers 100% Return in One Year
Gram gold has become one of the top-performing investments of the past year, doubling in value to reach 5,905 TRY as spot gold hit an all-time high of $4,380.
From 2,954 to 5,905 TRY in 12 Months
On October 17, 2024, gram gold traded at 2,954 TRY. One year later, investors who held their positions gained a full 100% return.
ANZ Group Predicts Further Rally
Australian bank ANZ Group analysts said the gold rally shows no signs of slowing. They expect Fed rate cuts to accelerate price gains.
- Year-end forecast: $4,400 per ounce
- June 2026 target: $4,600 per ounce
Market Outlook and Key Drivers
KCM Trade analyst Tim Waterer believes spot gold could reach $4,500 sooner than expected, noting that future momentum will depend on U.S.-China trade tensions and the potential U.S. government shutdown.
