The lowest level in gold prices in the last year: Gram gold fell to 6,321 TL

Gold prices fell sharply as rising oil prices and inflation concerns strengthened the expectation that the US Federal Reserve (Fed) might raise interest rates. An ounce of gold fell to 3 thousand 937 dollars, reaching its lowest level since November 5, 2025. Gram gold fell to 6 thousand 321 TL in the Grand Bazaar.

Spot gold lost 2 percent in value and fell to 3 thousand 937 dollars per ounce. Thus, the precious metal tested the lowest level of the last year.

While gram gold reached its lowest level since August 5 with 6 thousand 321 TL in the Grand Bazaar, gram gold dropped to 6 thousand 323 TL in the spot market. In the last transactions, ounce gold was traded at 3 thousand 943 dollars with a decrease of 1.93 percent, and gram gold was traded at 6 thousand 333 TL with a loss of 1.83 percent.

FED'S INTEREST INCREASE EXPECTATIONS PRESSURE GOLD

UBS analyst Giovanni Staunovo stated that the US growth data coming in above expectations and rising oil prices were effective in the decline in gold prices.

Data released on Thursday revealed that the US economy grew faster than expectations in the third quarter. The acceleration of inflation in September as consumers paid more for gasoline and other products strengthened the expectation that the Fed might raise interest rates.

Following these developments, economists increased their predictions that the Fed may increase interest rates in December. The expectation that interest rates will remain high increased the selling pressure on gold, which does not provide interest income.

5 THOUSAND DOLLAR FORECAST FROM UBS FOR 2027

Despite the short-term decline in gold, UBS remained bullish on the long-term outlook.

Analyst Giovanni Staunovo evaluated that the Fed may have to reduce interest rates again in the future and inflation will no longer be the main problem.

Staunovo predicted that if this scenario occurs, ounce gold could reach 5 thousand dollars or higher in 2027.