{"id":30420,"date":"2026-03-16T13:06:06","date_gmt":"2026-03-16T13:06:06","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/avrupa-islemlerinde-altin-fedin-faiz-indirimlerine-yonelik-beklentilerin-azalmasinin-baskisiyla-5-000-dolar-civarinda-yatay-seyrediyor\/"},"modified":"2026-03-16T13:06:06","modified_gmt":"2026-03-16T13:06:06","slug":"avrupa-islemlerinde-altin-fedin-faiz-indirimlerine-yonelik-beklentilerin-azalmasinin-baskisiyla-5-000-dolar-civarinda-yatay-seyrediyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/avrupa-islemlerinde-altin-fedin-faiz-indirimlerine-yonelik-beklentilerin-azalmasinin-baskisiyla-5-000-dolar-civarinda-yatay-seyrediyor\/","title":{"rendered":"Avrupa i\u015flemlerinde alt\u0131n, Fed\u2019in faiz indirimlerine y\u00f6nelik beklentilerin azalmas\u0131n\u0131n bask\u0131s\u0131yla 5.000 dolar civar\u0131nda yatay seyrediyor"},"content":{"rendered":"Alt\u0131n (XAU\/USD) art arda d\u00f6rd\u00fcnc\u00fc seansta da geriledi; Pazartesi Avrupa saatlerinde ons ba\u015f\u0131na 5.000 dolar civar\u0131nda i\u015flem g\u00f6rd\u00fc. Artan enerji fiyatlar\u0131 enflasyon (fiyat art\u0131\u015f h\u0131z\u0131n\u0131n y\u00fckselmesi) endi\u015felerini beslerken, ABD Merkez Bankas\u0131 (Fed) ve di\u011fer b\u00fcy\u00fck merkez bankalar\u0131ndan faiz indirimi beklentilerini zay\u0131flatt\u0131.\n\nABD, hafta sonu \u0130ran\u2019\u0131n Harg Adas\u0131\u2019ndaki ana petrol ihracat merkezini hedef ald\u0131; bu da k\u00fcresel arz (piyasaya sunulan toplam miktar) kesintisi korkular\u0131n\u0131 art\u0131rd\u0131. Ba\u015fkan Donald Trump petrol altyap\u0131s\u0131n\u0131n vurulmad\u0131\u011f\u0131n\u0131 s\u00f6yledi. Ancak \u0130ran, ABD-\u0130srail\u2019in \u0130ran\u2019a kar\u015f\u0131 sava\u015f\u0131n\u0131n \u00fc\u00e7\u00fcnc\u00fc haftas\u0131na girerken, \u0130srail\u2019e ve di\u011fer Arap \u00fclkelerindeki enerji tesislerine misilleme sald\u0131r\u0131lar\u0131 d\u00fczenledi.\n\n<h3>G\u00fcvenli Liman Talebi Zay\u0131fl\u0131yor<\/h3>\nABD\u2019nin H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndan ge\u00e7en gemilere refakat i\u00e7in bir koalisyon kurabilece\u011fine ili\u015fkin haberlerle g\u00fcvenli liman (kriz d\u00f6nemlerinde tercih edilen varl\u0131k) talebi azald\u0131; bu da alt\u0131n\u0131 zay\u0131flatt\u0131. Trump, \u0130ngiltere, Fransa, \u00c7in ve Japonya\u2019ya g\u00fczerg\u00e2h\u0131n g\u00fcvenli\u011fini sa\u011flamada destek \u00e7a\u011fr\u0131s\u0131 yapt\u0131. AB d\u0131\u015fi\u015fleri bakanlar\u0131 da Bo\u011faz\u2019\u0131n fiilen kapanmas\u0131na kar\u015f\u0131 olas\u0131 bir deniz g\u00fcc\u00fc plan\u0131n\u0131 g\u00f6r\u00fc\u015fmek \u00fczere Br\u00fcksel\u2019de topland\u0131.\n\nABD Enerji Bakan\u0131 Chris Wright, \u00e7at\u0131\u015fman\u0131n \u201c\u00f6n\u00fcm\u00fczdeki birka\u00e7 hafta i\u00e7inde\u201d bitebilece\u011fini bekledi\u011fini s\u00f6yledi. Bu durumun petrol arz\u0131n\u0131n toparlanmas\u0131na ve enerji fiyatlar\u0131n\u0131n d\u00fc\u015fmesine alan a\u00e7abilece\u011fini belirtti.\n\nD\u00fcnya Alt\u0131n Konseyi\u2019ne g\u00f6re merkez bankalar\u0131 2022\u2019de rezervlerine 1.136 ton alt\u0131n ekledi; bunun de\u011feri yakla\u015f\u0131k 70 milyar dolar. Bu, kay\u0131tlar\u0131n tutulmaya ba\u015fland\u0131\u011f\u0131ndan beri en y\u00fcksek y\u0131ll\u0131k al\u0131m oldu.\n\nAlt\u0131n 5.000 dolar seviyesinden geri \u00e7ekilirken, t\u00fcrev \u00fcr\u00fcnlerde (dayanak varl\u0131\u011f\u0131n fiyat\u0131na ba\u011fl\u0131 s\u00f6zle\u015fmeler) k\u0131sa vadeli g\u00f6r\u00fcn\u00fcm temkinli ve a\u015fa\u011f\u0131 y\u00f6nl\u00fc. Piyasa, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n \u00e7ok uluslu bir deniz koalisyonuyla g\u00fcvence alt\u0131na al\u0131naca\u011f\u0131 ve \u00e7at\u0131\u015fman\u0131n yak\u0131nda bitece\u011fi beklentisiyle sat\u0131\u015f yap\u0131yor. Bu, \u00f6n\u00fcm\u00fczdeki 1-2 hafta i\u00e7in k\u0131sa vadeli sat\u0131m opsiyonlar\u0131n\u0131 (put: fiyat d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 kazan\u00e7 sa\u011flayan\/koruma ama\u00e7l\u0131 opsiyon) de\u011ferlendirmeyi ya da alt\u0131n ETF\u2019lerinde (borsada i\u015flem g\u00f6ren fon) \u201ckapal\u0131 al\u0131m opsiyonu sat\u0131\u015f\u0131\u201dn\u0131 (covered call: eldeki varl\u0131k \u00fczerine al\u0131m opsiyonu satarak prim geliri elde etme) \u00f6ne \u00e7\u0131kar\u0131yor.\n\n<h3>Olay Riskini Y\u00f6netmek<\/h3>\nBuna ra\u011fmen, tansiyonun d\u00fc\u015fece\u011fi hik\u00e2yesi bozulursa riskin \u00e7ok b\u00fcy\u00fck oldu\u011funu kabul etmek gerekir. D\u00fcnyadaki toplam petrol t\u00fcketiminin yakla\u015f\u0131k %20\u2019si H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndan ge\u00e7iyor; ek bir aksama sert bir enerji \u015fokuna (ani ve g\u00fc\u00e7l\u00fc fiyat\/arz sars\u0131nt\u0131s\u0131) yol a\u00e7ar. Bu da sadece d\u00fc\u015f\u00fc\u015fe oynayan pozisyonlar\u0131 riskli k\u0131lar; tek bir olumsuz haber alt\u0131n fiyat\u0131n\u0131 yeniden h\u0131zla yukar\u0131 \u00e7ekebilir.\n\nBuradaki ana etken, enerji fiyatlar\u0131n\u0131n Fed politikas\u0131na etkisi. 2024 ve 2025 boyunca s\u0131k g\u00f6r\u00fclen bu tabloda, enerjiden kaynaklanan kal\u0131c\u0131 enflasyon faiz indirimi beklentilerini ileri tarihe iterken ABD Dolar\u0131\u2019n\u0131 g\u00fc\u00e7lendiriyor. Faiz getirisi olmayan alt\u0131n i\u00e7in (kupon\/faiz \u00f6demeyen varl\u0131k) bu ortam olumsuz; mevcut a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131y\u0131 destekliyor.\n\nBuna kar\u015f\u0131n, merkez bankalar\u0131ndan gelen yap\u0131sal destek g\u00f6z ard\u0131 edilmemeli. 2022-2025 d\u00f6nemindeki g\u00fc\u00e7l\u00fc al\u0131m e\u011filimi\u201417 ay \u00fcst \u00fcste alt\u0131n al\u0131m\u0131 yapan \u00c7in Halk Bankas\u0131 gibi kurumlar\u0131n \u00f6nc\u00fcl\u00fc\u011f\u00fcnde\u2014fiyatlarda sa\u011flam bir taban olu\u015fturdu. Bu da mevcut geri \u00e7ekilmeyi, daha d\u00fc\u015f\u00fck primle (opsiyonun pe\u015fin maliyeti) uzun vadeli al\u0131m opsiyonu (call: fiyat y\u00fckseli\u015fine y\u00f6nelik opsiyon) almak i\u00e7in f\u0131rsata d\u00f6n\u00fc\u015ft\u00fcrebilir; olas\u0131 bir yeniden t\u0131rmanma senaryosuna pozisyon al\u0131nabilir.\n\nBelirsizlik s\u00fcrerken, oynakl\u0131k (volatilite: fiyatlar\u0131n h\u0131zl\u0131 ve geni\u015f aral\u0131kta dalgalanmas\u0131) ba\u015fl\u0131 ba\u015f\u0131na i\u015flem konusu. Resm\u00ee iyimser a\u00e7\u0131klamalarla sahadaki riskler aras\u0131ndaki fark, hem alt\u0131n hem petrol opsiyonlar\u0131nda \u201cz\u0131mni oynakl\u0131\u011f\u0131n\u201d (implied volatility: opsiyon fiyatlar\u0131na yans\u0131yan beklenen dalgalanma) y\u00fcksek kalmas\u0131na neden olabilir. 2022\u2019de Ukrayna sava\u015f\u0131n\u0131n ilk d\u00f6neminde piyasalar\u0131n ne kadar h\u0131zl\u0131 y\u00f6n de\u011fi\u015ftirdi\u011fi hat\u0131rland\u0131\u011f\u0131nda, bu tablo benzer \u00f6l\u00e7\u00fcde k\u0131r\u0131lgan g\u00f6r\u00fcn\u00fcyor.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Alt\u0131nda d\u00fc\u015f\u00fc\u015f serisi s\u00fcr\u00fcyor: XAU\/USD 5.000 dolar civar\u0131nda. Petrol gerilimi enflasyonu ve Fed\u2019in indirim beklentisini zay\u0131flat\u0131yor. H\u00fcrm\u00fcz koalisyonu g\u00fcvenli liman\u0131 t\u00f6rp\u00fclerken, opsiyonlarda k\u0131sa vadede sat\u0131\u015f bask\u0131s\u0131 \u00f6ne \u00e7\u0131k\u0131yor.<\/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-30420","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\/30420","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=30420"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30420\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}