The direction changed after the decline in gold: How much is gram, quarter and Republic gold worth today? Current gold prices are on Thursday, October 8, 2026...
Quick Look
- Gold prices rose to $4,132.66 per ounce due to the depreciation of the dollar and lower yields.
- Pepperstone research head Chris Weston stated that the short-term outlook is challenging and said that it needs to break above the $ 4,275 level.
- IMF President Kristalina Georgieva warned that there are risks in the global economy due to high energy prices, public debt and the rapid increase in artificial intelligence investments.
AI-generated summary
Why It Matters
Gold prices had hit their lowest level since August 5 due to the strength of the dollar and the impact of US Treasury bond yields. However, the depreciation of the dollar made gold priced in dollars more attractive to investors using other currencies.
Spot gold rose 0.5 percent to $4,132.66 per ounce.
Gold Type Gold Price Gram gold 6.547 TL Quarter gold 10.778 TL Republic gold 42.976 TL Ounce gold 4.138 Dollar Half gold 21.551 TL Full gold 42.485 TL Gremse gold 106.539 TL
Gold had hit its lowest level since August 5 on Wednesday due to the impact of the strong dollar and rising US Treasury bond yields.
US gold contracts for December delivery also increased by 0.4 percent to $4,157.60.
The depreciation of the dollar made gold priced in dollars more attractive for investors using other currencies.
CRITICAL LEVEL BELOW IS $4,275
Pepperstone Research President Chris Weston stated that the short-term outlook for gold remains challenging.
Stating that the market is under the control of the sellers for now, Weston stated that the ounce of gold should rise above the $ 4,275 level in order to strengthen the short-term rise expectation.
Weston stated that gold could diverge positively from bond yields if the rise in long-term bond yields is associated with risks related to public debt and fiscal policy rather than a strong economic outlook.
In this scenario, it is considered that gold may come to the fore again as a hedge against currency depreciation.
THE MARKET'S EYE IS ON THE FED'S INTEREST RATE PATH
At the meeting held last month among US Federal Reserve (Fed) officials, different opinions emerged regarding the necessity of an interest rate increase.
According to the meeting minutes, some members saw the interest rate increase as necessary to limit the impact of energy and other price shocks, while more hawkish members expressed their opinion in favor of the new increase against demand-driven inflation pressure.
According to CME FedWatch data, markets price the possibility of an interest rate increase in October as 18 percent.
The probability of an interest rate increase in December is at 80 percent.
High interest rates reduce the attractiveness of gold, which does not provide interest income, for investors.
GLOBAL ECONOMY WARNING FROM IMF
International Monetary Fund (IMF) President Kristalina Georgieva also drew attention to the risks related to the global economy.
Georgieva stated that high energy prices, record levels of public debt and the rapid increase in artificial intelligence investments pose risks to the global economy.
The IMF President called on governments to take protective measures in fiscal and monetary policies.
SILVER, PLATINUM AND PALLADIUM ALSO INCREASED
Other precious metals also increased.
Spot silver rose 0.4 percent to $60.36.
Platinum increased by 1.8 percent to $1,660.05, and palladium increased by 1.6 percent to $1,142.
What to Watch
AI outlook — possibilities, not facts
If gold prices rise above the $4,275 level in the short term, bullish expectations may strengthen.
Possible · Within weeks
The probability of an interest rate increase may remain at 80% in December
Likely · Within months
Open Questions
- When will the Fed's interest rate decisions become clear?
- Which countries will implement the protective measures recommended by the IMF?
- How long can the rise in precious metals continue?
