Gold's 26-month real return series ended in October

According to the information compiled by the AA correspondent, in recent years, with the increasing geopolitical risks on a global scale, investors' interest in gold has increased.

While increasing geopolitical tensions around the world directed investors to gold, which was seen as a "safe haven" during this period, gold provided real returns to its investors every month on an annual basis in the 26 months between August 2024 and September 2026.

During this period, when reduced by CPI, the real return of gold reached its highest level since 1997, when the data was compiled, with 66.41 percent in January 2026, while the real return was calculated above 20 percent in many months.

However, according to the data, the 26-month real return series for bullion ended in October.

While expectations that inflation would remain at high levels on a global scale due to rising energy prices put pressure on gold prices in October, the nominal return of gold bullion was 14.59 percent in this period.

Thus, gold bullion made its investors lose 10.06 percent when reduced by D-PPI and 11.7 percent when reduced by CPI. The 11.7 percent real loss in gold was recorded as the biggest loss in the last 46 months.

He earned only deposit interest and GDS in the annual year.

Last month, the instruments that provided real returns to investors when reduced by CPI were government domestic debt securities (GDDS) and deposit interest (gross).

In October, GDDS provided its investors with a real return of 4.04 percent on an annual basis and deposit interest of 0.29 percent. Thus, the real return series in GDBS increased to 13 months and in deposit interest to 3 months.

Last month, when reduced with CPI, the dollar caused a loss of 8.92 percent, the euro 12.26 percent and the BIST 100 index 15.09 percent.

The real return rates of gold bullion when discounted with CPI are as follows: