{"id":2784,"date":"2026-04-02T06:32:05","date_gmt":"2026-04-02T06:32:05","guid":{"rendered":"https:\/\/www.borsaoku.com\/?p=2784"},"modified":"2026-04-02T06:55:49","modified_gmt":"2026-04-02T06:55:49","slug":"savasin-golgesinde-altin","status":"publish","type":"post","link":"https:\/\/www.borsaoku.com\/index.php\/2026\/04\/02\/savasin-golgesinde-altin\/","title":{"rendered":"Sava\u015f\u0131n G\u00f6lgesinde Alt\u0131n"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"> Trump\u2019\u0131n \u0130ran \u00c7\u0131k\u0131\u015f\u0131 ve G\u00fcvenli Liman Paradoksu<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">K\u00fcresel piyasalar, 2026 y\u0131l\u0131n\u0131n en hareketli g\u00fcnlerinden birini geride b\u0131rak\u0131rken, ekonomi \u00e7evreleri &#8220;g\u00fcvenli liman&#8221; olarak bilinen alt\u0131n\u0131n sergiledi\u011fi \u015fa\u015f\u0131rt\u0131c\u0131 fiyat hareketlerini tart\u0131\u015f\u0131yor. ABD Ba\u015fkan\u0131 Donald Trump\u2019\u0131n \u0130ran ile s\u00fcregelen \u00e7at\u0131\u015fmaya dair yapt\u0131\u011f\u0131 sert a\u00e7\u0131klamalar, piyasalarda ta\u015flar\u0131 yerinden oynatt\u0131.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Sert S\u00f6ylem ve Ters K\u00f6\u015fe Fiyatlama<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Normal \u015fartlarda jeopolitik gerilimler alt\u0131n fiyatlar\u0131n\u0131 yukar\u0131 ta\u015f\u0131rken, Per\u015fembe g\u00fcn\u00fc bunun tam tersi bir tabloyla kar\u015f\u0131la\u015ft\u0131k. Trump\u2019\u0131n \u0130ran\u2019\u0131 &#8220;Ta\u015f Devri\u2019ne geri itecek kadar sert&#8221; vuracaklar\u0131n\u0131 a\u00e7\u0131klamas\u0131, ironik bir \u015fekilde alt\u0131n fiyatlar\u0131nda %1\u2019in \u00fczerinde bir d\u00fc\u015f\u00fc\u015fe neden oldu. Spot alt\u0131n, d\u00f6rt g\u00fcnl\u00fck y\u00fckseli\u015f serisini sonland\u0131rarak <strong>4.694,48 dolar<\/strong> seviyesine geriledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu d\u00fc\u015f\u00fc\u015f\u00fcn temelinde, askeri hedeflerin tamamlanmak \u00fczere oldu\u011fu a\u00e7\u0131klamas\u0131yla birlikte olu\u015fan &#8220;belirsizli\u011fin azalmas\u0131&#8221; ve beraberinde gelen dolar\u0131n g\u00fc\u00e7lenmesi yat\u0131yor.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Petrol ve Tahvil Bask\u0131s\u0131<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Alt\u0131n fiyatlar\u0131 \u00fczerindeki as\u0131l bask\u0131 unsuru, di\u011fer makro verilerde gizliydi. Trump\u2019\u0131n a\u00e7\u0131klamalar\u0131yla birlikte:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Brent Petrol:<\/strong> %4\u2019ten fazla y\u00fckseli\u015f kaydederek enerji maliyetlerini tetikledi.<\/li>\n\n\n\n<li><strong>ABD 10 Y\u0131ll\u0131k Tahvil Faizleri:<\/strong> Yat\u0131r\u0131mc\u0131lar\u0131n risk i\u015ftah\u0131n\u0131n de\u011fi\u015fmesi ve enflasyon beklentileriyle y\u00fckseli\u015fe ge\u00e7ti.<\/li>\n\n\n\n<li><strong>Dolar Endeksi:<\/strong> K\u00fcresel rezerv para birimine olan talebin artmas\u0131, dolar bazl\u0131 alt\u0131n fiyatlar\u0131n\u0131 do\u011frudan a\u015fa\u011f\u0131 \u00e7ekti.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2008\u2019den Bu Yana En K\u00f6t\u00fc Mart Ay\u0131<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u015eubat sonunda ba\u015flayan \u0130ran-ABD \u00e7at\u0131\u015fmas\u0131, Mart ay\u0131nda alt\u0131n i\u00e7in kabusa d\u00f6n\u00fc\u015ft\u00fc. %11&#8217;lik de\u011fer kayb\u0131 ya\u015fayan alt\u0131n, 2008 finansal krizinden bu yana en k\u00f6t\u00fc ayl\u0131k performans\u0131n\u0131 sergiledi. Bu durum, y\u00fcksek enflasyon bask\u0131s\u0131 alt\u0131ndaki Fed\u2019in faiz politikalar\u0131na dair belirsizlikle birle\u015fince, yat\u0131r\u0131mc\u0131lar alt\u0131ndan ziyade nakit ve tahvile y\u00f6neldi.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Fed ve Faiz Beklentileri<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Piyasalar\u0131n en b\u00fcy\u00fck endi\u015fesi, y\u00fckselen petrol fiyatlar\u0131n\u0131n enflasyonu k\u00f6r\u00fcklemesi ve Fed\u2019in faiz indirimlerini rafa kald\u0131rmas\u0131. 2026 y\u0131l\u0131 genelinde faiz indirimi beklentileri olduk\u00e7a zay\u0131f seyrediyor. Mevcut verilere g\u00f6re:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Aral\u0131k 2026:<\/strong> Faiz indirimi ihtimali yaln\u0131zca <strong>%25<\/strong> olarak fiyatlan\u0131yor.<\/li>\n\n\n\n<li><strong>Genel G\u00f6r\u00fcn\u00fcm:<\/strong> Fed\u2019in &#8220;y\u00fcksek faiz&#8221; politikas\u0131n\u0131 beklenenden daha uzun s\u00fcre s\u00fcrd\u00fcrece\u011fi \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Sonu\u00e7<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Alt\u0131n piyasas\u0131 \u015fu an iki ate\u015f aras\u0131nda kalm\u0131\u015f durumda: Bir yanda sava\u015f\u0131n getirdi\u011fi riskler, di\u011fer yanda g\u00fc\u00e7l\u00fc dolar ve y\u00fcksek faiz duvar\u0131. Trump\u2019\u0131n \u00f6n\u00fcm\u00fczdeki iki ila \u00fc\u00e7 haftal\u0131k s\u00fcre\u00e7te ataca\u011f\u0131 askeri ad\u0131mlar, sadece Ortado\u011fu\u2019nun haritas\u0131n\u0131 de\u011fil, ayn\u0131 zamanda emtia piyasalar\u0131n\u0131n 2026 rotas\u0131n\u0131 da belirleyecek gibi g\u00f6r\u00fcn\u00fcyor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump\u2019\u0131n \u0130ran \u00c7\u0131k\u0131\u015f\u0131 ve G\u00fcvenli Liman Paradoksu K\u00fcresel piyasalar, 2026 y\u0131l\u0131n\u0131n en hareketli g\u00fcnlerinden birini geride b\u0131rak\u0131rken, ekonomi<\/p>\n","protected":false},"author":1,"featured_media":1880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":245,"footnotes":""},"categories":[245],"tags":[247],"class_list":["post-2784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-para-piyasa","tag-altin"],"_links":{"self":[{"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/posts\/2784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/comments?post=2784"}],"version-history":[{"count":1,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/posts\/2784\/revisions"}],"predecessor-version":[{"id":2785,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/posts\/2784\/revisions\/2785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/media\/1880"}],"wp:attachment":[{"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/media?parent=2784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/categories?post=2784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.borsaoku.com\/index.php\/wp-json\/wp\/v2\/tags?post=2784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}