{"id":30388,"date":"2026-03-16T06:08:02","date_gmt":"2026-03-16T06:08:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/orta-dogu-gerilimleri-surse-de-merkez-bankalarina-yonelik-belirsizlik-asyada-altini-yaklasik-4-96770-dolara-cekti\/"},"modified":"2026-03-16T06:08:02","modified_gmt":"2026-03-16T06:08:02","slug":"orta-dogu-gerilimleri-surse-de-merkez-bankalarina-yonelik-belirsizlik-asyada-altini-yaklasik-4-96770-dolara-cekti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/orta-dogu-gerilimleri-surse-de-merkez-bankalarina-yonelik-belirsizlik-asyada-altini-yaklasik-4-96770-dolara-cekti\/","title":{"rendered":"Orta Do\u011fu gerilimleri s\u00fcrse de merkez bankalar\u0131na y\u00f6nelik belirsizlik Asya\u2019da alt\u0131n\u0131 yakla\u015f\u0131k 4.967,70 dolara \u00e7ekti"},"content":{"rendered":"Alt\u0131n, Pazartesi g\u00fcn\u00fc Asya\u2019da 5.000 dolar seviyesine yak\u0131n i\u015flem g\u00f6rd\u00fc ancak sat\u0131\u015f bask\u0131s\u0131yla kar\u015f\u0131la\u015ft\u0131. Bu hafta, Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fmayla birlikte merkez bankalar\u0131n\u0131n para politikas\u0131 (faiz ve likidite kararlar\u0131) a\u00e7\u0131klamalar\u0131 izleniyor.\n\nYat\u0131r\u0131mc\u0131lar, ABD-\u0130srail ile \u0130ran aras\u0131ndaki sava\u015fla ilgili geli\u015fmeleri takip ediyor. Bu t\u00fcr gerilimler genellikle \u201cg\u00fcvenli liman\u201d (kriz d\u00f6nemlerinde talep g\u00f6ren varl\u0131klar) talebini art\u0131rabilir. Trump y\u00f6netimi, \u00e7at\u0131\u015fman\u0131n haftalar i\u00e7inde veya \u201cdaha erken\u201d sona ermesini bekledi\u011fini a\u00e7\u0131klad\u0131.\n\n

Jeopolitik \u00c7at\u0131\u015fma Piyasa Oda\u011f\u0131n\u0131 Belirliyor<\/h3>\n\u0130srail ordusu, operasyonlar\u0131n en az \u00fc\u00e7 hafta daha s\u00fcrmesinin planland\u0131\u011f\u0131n\u0131 s\u00f6yledi. Hafta sonunda ABD g\u00fc\u00e7leri, \u0130ran\u2019\u0131n petrol ihracat\u0131 i\u00e7in kritik bir merkez olan Harg Adas\u0131\u2019ndaki askeri noktalar\u0131 hedef ald\u0131.\n\n\u0130ran, b\u00f6lgede ABD ile ba\u011flant\u0131l\u0131 petrol tesislerine kar\u015f\u0131 misilleme (kar\u015f\u0131l\u0131k verme) tehdidinde bulundu. Artan gerilim, petrol fiyatlar\u0131n\u0131 y\u00fckselterek enflasyon (fiyat art\u0131\u015flar\u0131) endi\u015felerini art\u0131rd\u0131.\n\nBu enflasyon endi\u015feleri, piyasalar\u0131n ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faiz indirimi ihtimalini erteleyece\u011fini fiyatlamas\u0131na yol a\u00e7t\u0131. Faiz beklentisinin y\u00fckselmesi, \u201cgetiri sa\u011flamayan\u201d (faiz\/kupon \u00f6demesi olmayan) alt\u0131n gibi varl\u0131klar \u00fczerinde bask\u0131 kurabilir.\n\nBu hafta Fed\u2019in yan\u0131 s\u0131ra Avustralya Merkez Bankas\u0131 (RBA), Japonya Merkez Bankas\u0131 (BoJ), Avrupa Merkez Bankas\u0131 (ECB) ve \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) kararlar\u0131 da bekleniyor. RBA hari\u00e7 faizlerin mevcut seviyelerde sabit kalmas\u0131, RBA\u2019n\u0131n ise yeniden faiz art\u0131rmas\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor.\n\n

Merkez Bankas\u0131 Kararlar\u0131 Faiz Beklentilerini \u015eekillendiriyor<\/h3>\nAlt\u0131n piyasas\u0131nda \u015fu an iki y\u00f6nl\u00fc bir \u00e7eki\u015fme var. \u0130ran\u2019daki \u00e7at\u0131\u015fma normalde g\u00fcvenli liman talebini art\u0131r\u0131r; ancak yan etkiler fiyatlar\u0131 bask\u0131l\u0131yor. Temel sorun, y\u00fckselen petrol\u00fcn enflasyon korkusunu b\u00fcy\u00fctmesi ve Fed\u2019in faiz indirimini daha az olas\u0131 hale getirmesi.\n\nPetroldeki y\u00fckseli\u015f dikkat \u00e7ekici: WTI ham petrol vadeli i\u015flemleri (ileride teslimli al\u0131m-sat\u0131m s\u00f6zle\u015fmeleri) son on g\u00fcnde %20\u2019nin \u00fczerinde artarak varil ba\u015f\u0131na 155 dolar\u0131n \u00fcst\u00fcne \u00e7\u0131kt\u0131; bu seviye uzun s\u00fcredir g\u00f6r\u00fclmemi\u015fti. Bu durum, zaten ge\u00e7en ayki T\u00dcFE (T\u00fcketici Fiyat Endeksi; enflasyon g\u00f6stergesi) verisinde y\u0131ll\u0131k %4,5 ile y\u00fcksek kalan enflasyon beklentilerini daha da yukar\u0131 itiyor. Bu tablo, Fed\u2019in yak\u0131n vadede \u201cgev\u015feme\u201d (faiz indirimleri veya daha bol likidite) sinyali vermesini zorla\u015ft\u0131r\u0131yor.\n\nBu s\u00fcre\u00e7, 1970\u2019lerdeki enerji krizlerine benzetiliyor: Orta Do\u011fu\u2019daki jeopolitik geli\u015fmeler enerji maliyetlerini ve enflasyonu s\u0131\u00e7ratm\u0131\u015ft\u0131. Benzer bir etki, 2025\u2019te K\u0131z\u0131ldeniz\u2019de geni\u015fleyen \u00e7at\u0131\u015fmalar s\u0131ras\u0131nda nakliye aksamalar\u0131yla emtia fiyatlar\u0131nda ge\u00e7ici y\u00fckseli\u015f olarak g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Tarihsel olarak alt\u0131n bu ortamda g\u00fc\u00e7l\u00fc kalabilir; ancak merkez bankalar\u0131 \u00e7ok sert \u201cs\u0131k\u0131la\u015ft\u0131rmaya\u201d (faiz art\u0131r\u0131mlar\u0131 ve finansal ko\u015fullar\u0131 zorla\u015ft\u0131rma) zorlanmad\u0131\u011f\u0131 s\u00fcrece.\n\nT\u00fcrev \u00fcr\u00fcn (dayanak varl\u0131\u011f\u0131n fiyat\u0131na ba\u011fl\u0131 s\u00f6zle\u015fmeler) i\u015flemi yapanlar a\u00e7\u0131s\u0131ndan bu d\u00f6nem \u00e7ok y\u00fcksek oynakl\u0131\u011fa (fiyat dalgalanmas\u0131) i\u015faret ediyor. Fed karar\u0131 yakla\u015f\u0131rken alt\u0131n opsiyonlar\u0131nda \u201c\u00f6rt\u00fck oynakl\u0131k\u201d (fiyat\u0131n ne kadar dalgalanmas\u0131n\u0131n beklendi\u011fini g\u00f6steren \u00f6l\u00e7\u00fc) iki y\u0131l\u0131n zirvesine \u00e7\u0131kt\u0131. Bu, \u201cstraddle\u201d gibi (ayn\u0131 vadede hem al\u0131m hem sat\u0131m opsiyonu alarak b\u00fcy\u00fck hareket bekleme) stratejileri, y\u00f6n fark etmeksizin sert fiyat hareketi bekleyenler i\u00e7in \u00f6ne \u00e7\u0131karabilir. Ayr\u0131ca \u00e7at\u0131\u015fman\u0131n t\u0131rmanmas\u0131 ve enflasyon etkisine kar\u015f\u0131 do\u011frudan korunma (hedge; riski azaltma) amac\u0131yla petrol vadeli i\u015flemleri \u00fczerine al\u0131m opsiyonlar\u0131 de\u011ferlendirilebilir.\n\nDi\u011fer merkez bankalar\u0131 da izlenmeli; \u00f6zellikle RBA. RBA beklenen faiz art\u0131\u015f\u0131n\u0131 yaparken Fed sabit kal\u0131rsa, AUD\/USD gibi d\u00f6viz paritelerinde (iki para biriminin birbirine oran\u0131) belirgin hareket g\u00f6r\u00fclebilir. Bu k\u00fcresel ayr\u0131\u015fma, 2025\u2019te bitti\u011fi d\u00fc\u015f\u00fcn\u00fclen enflasyonla m\u00fccadelenin halen s\u00fcrd\u00fc\u011f\u00fcn\u00fc g\u00f6steriyor.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

Alt\u0131n Asya\u2019da 5.000 dolara yakla\u015f\u0131p sat\u0131\u015fla kar\u015f\u0131la\u015ft\u0131! Orta Do\u011fu sava\u015f\u0131 g\u00fcvenli liman\u0131 desteklerken, petrol %20+ s\u0131\u00e7ray\u0131p enflasyonu k\u00f6r\u00fckl\u00fcyor; Fed ve di\u011fer merkez bankalar\u0131 faiz beklentilerini sertle\u015ftiriyor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30388","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30388"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30388\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}