{"id":45613,"date":"2026-04-28T07:20:54","date_gmt":"2026-04-28T07:20:54","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/petrol-fed-riskini-canli-tutarken-altin-geriliyor\/"},"modified":"2026-04-28T07:20:54","modified_gmt":"2026-04-28T07:20:54","slug":"petrol-fed-riskini-canli-tutarken-altin-geriliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/petrol-fed-riskini-canli-tutarken-altin-geriliyor\/","title":{"rendered":"Petrol Fed Riskini Canl\u0131 Tutarken Alt\u0131n Geriliyor"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/05\/Gold-3-1024x573.webp\" alt=\"\" class=\"wp-image-47676\"\/><\/figure>\n\n\n\n<p><strong>\u00d6ne \u00c7\u0131kan Noktalar<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot (anl\u0131k) alt\u0131n<\/strong> %1,1 d\u00fc\u015f\u00fc\u015fle ons ba\u015f\u0131na 4.628,88 dolara indi (0553 GMT). Bu seviye 7 Nisan\u2019dan beri en d\u00fc\u015f\u00fck d\u00fczey.<\/li>\n\n\n\n<li>Haziran vadeli <strong>ABD alt\u0131n vadeli i\u015flemleri<\/strong> %1,1 d\u00fc\u015f\u00fc\u015fle 4.643,70 dolara gerilerken, spot g\u00fcm\u00fc\u015f %3 d\u00fc\u015f\u00fc\u015fle 73,23 dolara indi.<\/li>\n\n\n\n<li><strong>XAU\/USD<\/strong> (alt\u0131n\u0131n ABD dolar\u0131 kar\u015f\u0131s\u0131ndaki fiyat\u0131) grafikte 4.625,56 seviyesinde, 54,26 puan (%1,16) ekside. Fiyat, <strong>5, 10 ve 20 g\u00fcnl\u00fck hareketli ortalamalar\u0131n<\/strong> (son g\u00fcnlerin ortalama fiyat\u0131n\u0131 g\u00f6steren \u00e7izgiler) alt\u0131nda.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Alt\u0131n sal\u0131 g\u00fcn\u00fc son \u00fc\u00e7 haftan\u0131n en d\u00fc\u015f\u00fck seviyesine inerken, yat\u0131r\u0131mc\u0131lar sava\u015f riskinden \u00e7ok sava\u015f\u0131n <strong>enflasyon<\/strong> ve <strong>faiz<\/strong> \u00fczerindeki etkisine odakland\u0131. Spot alt\u0131n 0553 GMT itibar\u0131yla %1,1 d\u00fc\u015f\u00fc\u015fle ons ba\u015f\u0131na 4.628,88 dolara geriledi; bu seviye 7 Nisan\u2019dan beri en d\u00fc\u015f\u00fck d\u00fczey. Haziran vadeli ABD alt\u0131n vadeli i\u015flemleri de %1,1 d\u00fc\u015f\u00fc\u015fle 4.643,70 dolara indi.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Azerbaijan\u2019s State Oil Fund sold about 22 tons of gold in the first quarter of the year, after a record-breaking rally pushed the sovereign wealth fund\u2019s allocation of the metal to its maximum threshold <a href=\"https:\/\/t.co\/LHjteDWLqU\">https:\/\/t.co\/LHjteDWLqU<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2047704762443829454?ref_src=twsrc%5Etfw\">April 24, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Bu d\u00fc\u015f\u00fc\u015f ilk bak\u0131\u015fta ters g\u00f6r\u00fcnebilir. Alt\u0131n, jeopolitik gerilimde genelde <strong>g\u00fcvenli liman<\/strong> (belirsizlikte talep g\u00f6ren varl\u0131k) olarak talep g\u00f6r\u00fcr. Ancak bu kez \u00e7at\u0131\u015fma petrol\u00fc yukar\u0131 itti, <strong>H\u00fcrm\u00fcz Bo\u011faz\u0131<\/strong> b\u00fcy\u00fck \u00f6l\u00e7\u00fcde kapal\u0131 kald\u0131 ve enflasyonun uzun s\u00fcre y\u00fcksek kalabilece\u011fi endi\u015fesini art\u0131rd\u0131. Bu tablo, klasik \u201cg\u00fcvenli liman al\u0131m\u0131\u201d yerine yeniden <strong>faiz riski<\/strong> (faizlerin y\u00fcksek kalma ihtimali) temas\u0131n\u0131 \u00f6ne \u00e7\u0131kard\u0131.<\/p>\n\n\n\n<p><strong>Dolar endeksi<\/strong> (dolar\u0131n di\u011fer para birimlerine kar\u015f\u0131 g\u00fcc\u00fcn\u00fc g\u00f6steren \u00f6l\u00e7\u00fcm) de hafif y\u00fckseldi ve bu da alt\u0131na bask\u0131 yapt\u0131. Dolar g\u00fc\u00e7lenince alt\u0131n, di\u011fer para birimlerini kullanan yat\u0131r\u0131mc\u0131lar i\u00e7in pahalan\u0131r. Ayn\u0131 anda <strong>tahvil getirileri<\/strong> (devlet tahvillerinin faiz benzeri getirisi) y\u00fcksek kal\u0131nca, alt\u0131n\u0131n y\u00fckseli\u015f iste\u011fi zay\u0131flayabilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">110 Dolar\u0131n \u00dczerindeki Petrol Alt\u0131n Dengesini De\u011fi\u015ftiriyor<\/h2>\n\n\n\n<p>Petrol fiyatlar\u0131, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n b\u00fcy\u00fck \u00f6l\u00e7\u00fcde kapal\u0131 kalmas\u0131yla varil ba\u015f\u0131na 110 dolar\u0131n \u00fczerinde seyretti. Bu, alt\u0131n i\u00e7in \u00f6nemli \u00e7\u00fcnk\u00fc ham petrol\u00fcn y\u00fckselmesi ta\u015f\u0131ma ve \u00fcretim maliyetlerini art\u0131rabilir ve bu etki <strong>man\u015fet enflasyona<\/strong> (genel enflasyon oran\u0131na) yans\u0131yabilir. Merkez bankalar\u0131 <strong>ikinci tur enflasyon<\/strong> (maliyet art\u0131\u015flar\u0131n\u0131n \u00fccret ve fiyatlara yay\u0131lmas\u0131) riskini g\u00f6r\u00fcrse, faiz indirimine daha az alan kal\u0131r.<\/p>\n\n\n\n<p>Alt\u0131n genelde <strong>enflasyona kar\u015f\u0131 koruma<\/strong> arac\u0131 olarak g\u00f6r\u00fcl\u00fcr, ancak <strong>faiz getirisi<\/strong> sa\u011flamaz. Piyasalar faizlerin uzun s\u00fcre y\u00fcksek kalaca\u011f\u0131n\u0131 bekledi\u011finde, faiz getiren ara\u00e7lar daha cazip g\u00f6r\u00fcnebilir. Bu nedenle enflasyon endi\u015fesi artsa bile alt\u0131n gerileyebilir.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">China\u2019s CMOC Group signed a $1.7 billion agreement with Ecuador to develop a major gold mine in the South American country <a href=\"https:\/\/t.co\/76NMKGfCTr\">https:\/\/t.co\/76NMKGfCTr<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2048978161174524160?ref_src=twsrc%5Etfw\">April 28, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Orta Do\u011fu geli\u015fmeleri ana belirleyici olmaya devam ediyor. Bir ABD\u2019li yetkili, Ba\u015fkan Donald Trump\u2019\u0131n iki ayd\u0131r s\u00fcren sava\u015f\u0131 bitirmeye y\u00f6nelik \u0130ran\u2019\u0131n son \u00f6nerisinden memnun olmad\u0131\u011f\u0131n\u0131 s\u00f6yledi. Bu a\u00e7\u0131klama, enerji arz\u0131n\u0131 bozan, enflasyonu besleyen ve binlerce ki\u015finin \u00f6l\u00fcm\u00fcne yol a\u00e7an \u00e7at\u0131\u015fman\u0131n ard\u0131ndan \u00e7\u00f6z\u00fcm umutlar\u0131n\u0131 zay\u0131flatt\u0131.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fed Karar\u0131 Bekleyi\u015fi S\u00fcrd\u00fcr\u00fcyor<\/h2>\n\n\n\n<p><strong>Fed<\/strong>\u2019in (ABD Merkez Bankas\u0131) \u00e7ar\u015famba g\u00fcn\u00fc iki g\u00fcnl\u00fck toplant\u0131n\u0131n sonunda faizleri sabit tutmas\u0131 bekleniyor. Kritik konu karar\u0131n kendisinden \u00e7ok, enflasyon, enerji fiyatlar\u0131 ve <strong>para politikas\u0131 patikas\u0131<\/strong> (faizlerin gelecekte izleyece\u011fi y\u00f6n) konusunda verilecek mesaj. Petrol \u015foku g\u00f6r\u00fcn\u00fcm\u00fc zorla\u015ft\u0131r\u0131rken, Fed yetkilileri olas\u0131 <strong>faiz art\u0131\u015f\u0131<\/strong> sinyali verip vermemeyi tart\u0131yor.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Fed officials are expected to leave interest rates unchanged this week at a gathering that\u2019s being overshadowed by a political drama surrounding the leadership handover at the US central bank <a href=\"https:\/\/t.co\/N6xhoBpplN\">https:\/\/t.co\/N6xhoBpplN<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2048707438346420330?ref_src=twsrc%5Etfw\">April 27, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Marex\u2019ten Edward Meir\u2019e g\u00f6re Fed \u015fimdilik faize dokunmayabilir ve k\u00fcresel ekonomi yava\u015flarsa d\u00f6rd\u00fcnc\u00fc \u00e7eyrekte faiz indirimine gidebilir. Bu, alt\u0131n i\u00e7in iki y\u00f6nl\u00fc bir sinyal \u00fcretiyor. K\u0131sa vadede yap\u0131\u015fkan kalan enflasyon (kolay d\u00fc\u015fmeyen enflasyon) ve g\u00fc\u00e7l\u00fc dolar alt\u0131n\u0131 bask\u0131layabilir. Daha sonra b\u00fcy\u00fcme yava\u015flar ve faiz indirimi beklentisi geri d\u00f6nerse, alt\u0131n yeniden destek bulabilir.<\/p>\n\n\n\n<p>Yat\u0131r\u0131mc\u0131lar bu hafta <strong>ECB<\/strong> (Avrupa Merkez Bankas\u0131), <strong>BoE<\/strong> (\u0130ngiltere Merkez Bankas\u0131) ve <strong>BoC<\/strong>\u2019yi (Kanada Merkez Bankas\u0131) de izleyecek. B\u00fcy\u00fck merkez bankalar\u0131ndan temkinli bir dil gelmesi alt\u0131n \u00fczerindeki bask\u0131y\u0131 koruyabilir. Daha yumu\u015fak bir ton, \u00f6zellikle zay\u0131f verilerle birlikte gelirse, alt\u0131n\u0131n <strong>savunma ama\u00e7l\u0131 varl\u0131k<\/strong> (riskten ka\u00e7\u0131\u015fta tercih edilen) olarak talebini art\u0131rabilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Jeopolitik, Sert Hareket Riskini Belirliyor<\/h2>\n\n\n\n<p>Alt\u0131n piyasas\u0131, diplomasi ile enflasyon riski aras\u0131nda dar bir dengede hareket ediyor. ABD ile \u0130ran bir anla\u015fmaya ya da ge\u00e7ici bir uzla\u015fmaya var\u0131rsa petrol gev\u015feyebilir, dolar zay\u0131flayabilir ve alt\u0131n yeniden yukar\u0131 y\u00f6nl\u00fc g\u00fc\u00e7 kazanabilir. Anla\u015fma dolar \u00fczerinde bask\u0131 yarat\u0131rsa alt\u0131n i\u00e7in y\u00fckseli\u015fi destekleyebilir.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Trump not happy with latest Iran proposal to end the war, US official says <a href=\"https:\/\/t.co\/FaplF63fLk\">https:\/\/t.co\/FaplF63fLk<\/a> <a href=\"https:\/\/t.co\/FaplF63fLk\">https:\/\/t.co\/FaplF63fLk<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2049017043182133642?ref_src=twsrc%5Etfw\">April 28, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>G\u00f6r\u00fc\u015fmelerin ba\u015far\u0131s\u0131z olmas\u0131 halinde ilk tepki yine karma\u015f\u0131k olabilir. Yeni \u00e7at\u0131\u015fma riski g\u00fcvenli liman talebini art\u0131rabilir, ancak petrol\u00fcn yeniden s\u0131\u00e7ramas\u0131 enflasyon endi\u015fesini canl\u0131 tutup dolar\u0131 destekleyebilir. Bu da alt\u0131n\u0131n g\u00fc\u00e7l\u00fc bir y\u00fckseli\u015f trendi (kal\u0131c\u0131 y\u00fckseli\u015f) kurabilmesi i\u00e7in sadece jeopolitik korkuya de\u011fil, dolarda net bir gerilemeye de ihtiya\u00e7 duyabilece\u011fi anlam\u0131na geliyor.<\/p>\n\n\n\n<p>\u015eimdilik petrol y\u00fcksek seyrederken ve Fed g\u00fcndemdeyken yat\u0131r\u0131mc\u0131lar alt\u0131n al\u0131m\u0131n\u0131 agresif bi\u00e7imde art\u0131rmak istemiyor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Teknik Analiz<\/h2>\n\n\n\n<p>XAUUSD <strong>4.625<\/strong> civar\u0131nda i\u015flem g\u00f6r\u00fcyor. Fiyat k\u0131sa vadeli deste\u011fin alt\u0131na sarkarken son geri \u00e7ekilme (y\u00fckseli\u015f sonras\u0131 d\u00fc\u015f\u00fc\u015f) s\u00fcr\u00fcyor ve nisan ortas\u0131ndaki <strong>yatay bant<\/strong>tan (fiyat\u0131n dar aral\u0131kta gidip gelmesi) a\u015fa\u011f\u0131 do\u011fru uzakla\u015f\u0131yor. <strong>4.700\u20134.750 b\u00f6lgesi<\/strong> \u00fczerinde kal\u0131c\u0131l\u0131k sa\u011flanamay\u0131nca alt\u0131n yeniden a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 g\u00f6steriyor.<\/p>\n\n\n\n<p>Teknik g\u00f6r\u00fcn\u00fcmde k\u0131sa vadeli e\u011filim <strong>a\u015fa\u011f\u0131<\/strong>. Fiyat <strong>5 g\u00fcnl\u00fck (4.688)<\/strong> ve <strong>10 g\u00fcnl\u00fck (4.739)<\/strong> hareketli ortalaman\u0131n alt\u0131na indi; bu ortalamalar \u015fimdi a\u015fa\u011f\u0131 d\u00f6nerek <strong>diren\u00e7<\/strong> (yukar\u0131 hareketi durdurabilecek seviye) gibi \u00e7al\u0131\u015f\u0131yor. <strong>20 g\u00fcnl\u00fck (4.733)<\/strong> ortalama da mevcut fiyat\u0131n \u00fczerinde ve yatayla\u015fmaya ba\u015fl\u0131yor. Bu g\u00f6r\u00fcn\u00fcm, y\u00fckseli\u015f ivmesinin (fiyat\u0131n h\u0131z\u0131n\u0131n) zay\u0131flad\u0131\u011f\u0131n\u0131 ve <strong>d\u00fczeltme<\/strong> a\u015famas\u0131na ge\u00e7ildi\u011fini g\u00f6steriyor.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/05\/e0a93ab3-b851-40e0-8028-0b8885ae9ead.jpg\" alt=\"\" class=\"wp-image-48864\"\/><\/figure>\n\n\n\n<p>\u0130zlenecek seviyeler:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Destek:<\/strong> 4600 \u2192 4500 \u2192 4400<\/li>\n\n\n\n<li><strong>Diren\u00e7:<\/strong> 4685 \u2192 4740 \u2192 4850<\/li>\n<\/ul>\n\n\n\n<p>Piyasa \u015fu anda kritik k\u0131sa vadeli b\u00f6lge olan <strong>4.600 destek alan\u0131n\u0131<\/strong> test ediyor. Bu b\u00f6lgenin net k\u0131r\u0131lmas\u0131 (a\u015fa\u011f\u0131 ge\u00e7ilip kal\u0131c\u0131l\u0131k) <strong>4.500<\/strong>e do\u011fru hareketi g\u00fcndeme getirebilir; sat\u0131\u015flar h\u0131zlan\u0131rsa d\u00fc\u015f\u00fc\u015f derinle\u015febilir.<\/p>\n\n\n\n<p>Yukar\u0131da <strong>4.685<\/strong> ilk diren\u00e7. Bu b\u00f6lgeye olas\u0131 tepki y\u00fckseli\u015fleri (k\u0131sa s\u00fcreli toparlanmalar) sat\u0131\u015fla kar\u015f\u0131la\u015fabilir. D\u00fc\u015f\u00fc\u015f\u00fcn durmas\u0131 i\u00e7in fiyat\u0131n <strong>4.740<\/strong> b\u00f6lgesini yeniden a\u015fmas\u0131 gerekir.<\/p>\n\n\n\n<p>Genel tabloda alt\u0131n <strong>deste\u011fini kaybediyor ve d\u00fczeltme ama\u00e7l\u0131 bir d\u00fc\u015f\u00fc\u015f trendine<\/strong> kay\u0131yor. K\u0131sa vadede momentum sat\u0131c\u0131lardan yana. Odak, <strong>4.600<\/strong>\u00fcn korunup korunamayaca\u011f\u0131 ve k\u0131r\u0131lmas\u0131 halinde daha a\u015fa\u011f\u0131 desteklere do\u011fru hareketin s\u00fcr\u00fcp s\u00fcrmeyece\u011fi.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">De\u011ferli Metaller Genelinde Zay\u0131fl\u0131k<\/h2>\n\n\n\n<p>Alt\u0131n tek ba\u015f\u0131na bask\u0131 alt\u0131nda de\u011fil. Spot g\u00fcm\u00fc\u015f %3 d\u00fc\u015f\u00fc\u015fle ons ba\u015f\u0131na 73,23 dolara geriledi. <strong>Platin<\/strong> %1,5 d\u00fc\u015f\u00fc\u015fle 1.953,50 dolara, <strong>paladyum<\/strong> %2,1 d\u00fc\u015f\u00fc\u015fle 1.445,50 dolara indi.<\/p>\n\n\n\n<p>Bu genel zay\u0131fl\u0131k, hareketin sadece alt\u0131na \u00f6zg\u00fc pozisyonlanmadan kaynaklanmad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Dolar g\u00fc\u00e7lenirken ve merkez bankas\u0131 riski yeniden piyasan\u0131n merkezine otururken, yat\u0131r\u0131mc\u0131lar de\u011ferli metallerde toplam pozisyonu azalt\u0131yor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Temkinli G\u00f6r\u00fcn\u00fcm<\/h2>\n\n\n\n<p>Alt\u0131n, XAU\/USD 4.688,75\u2019in ve 4.733,44\u20134.739,66 hareketli ortalama band\u0131n\u0131n alt\u0131nda kald\u0131\u011f\u0131 s\u00fcrece bask\u0131 alt\u0131nda kalabilir. 4.623,39\u2019un alt\u0131na sarkma, 4.402,31\u2019e do\u011fru daha derin bir geri \u00e7ekilme riskini art\u0131r\u0131r.<\/p>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary><strong>Yat\u0131r\u0131mc\u0131 Sorular\u0131<\/strong><\/summary>\n<p><strong>Alt\u0131n Neden Son \u00dc\u00e7 Haftan\u0131n En D\u00fc\u015f\u00fc\u011f\u00fcne \u0130ndi?<\/strong><\/p>\n\n\n\n<p>Alt\u0131n, petrol kaynakl\u0131 enflasyon riski ve yakla\u015fan merkez bankas\u0131 kararlar\u0131 \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 i\u00e7in geriledi.<\/p>\n\n\n\n<p>Spot alt\u0131n 0553 GMT\u2019de %1,1 d\u00fc\u015f\u00fc\u015fle ons ba\u015f\u0131na 4.628,88 dolara indi; bu seviye 7 Nisan\u2019dan beri en d\u00fc\u015f\u00fck d\u00fczey. Haziran vadeli ABD alt\u0131n vadeli i\u015flemleri de %1,1 d\u00fc\u015f\u00fc\u015fle 4.643,70 dolara geriledi.<\/p>\n\n\n\n<p><strong>Y\u00fcksek Petrol Fiyat\u0131 Alt\u0131n\u0131 Neden Zorluyor?<\/strong><\/p>\n\n\n\n<p>Y\u00fcksek petrol, ta\u015f\u0131ma ve \u00fcretim maliyetlerini art\u0131rarak enflasyon bask\u0131s\u0131n\u0131 y\u00fcksek tutabilir.<\/p>\n\n\n\n<p>Petrol varil ba\u015f\u0131na 110 dolar\u0131n \u00fczerinde seyrederken H\u00fcrm\u00fcz Bo\u011faz\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde kapal\u0131 kald\u0131. Petrol enflasyonu \u201cyap\u0131\u015fkan\u201d tutarsa merkez bankalar\u0131 faiz indirimini erteleyebilir veya uzun s\u00fcre s\u0131k\u0131 durabilir. Bu da alt\u0131n\u0131 bask\u0131lar; \u00e7\u00fcnk\u00fc alt\u0131n faiz getirisi sa\u011flamaz.<\/p>\n\n\n\n<p><strong>Alt\u0131n H\u00e2l\u00e2 G\u00fcvenli Liman m\u0131?<\/strong><\/p>\n\n\n\n<p>Alt\u0131n h\u00e2l\u00e2 g\u00fcvenli liman olarak g\u00f6r\u00fcl\u00fcr; ancak dolar y\u00fckselirken ve faiz beklentileri g\u00fc\u00e7l\u00fc kal\u0131rken zorlanabilir.<\/p>\n\n\n\n<p>Bu tabloda jeopolitik risk y\u00fcksek olsa da yat\u0131r\u0131mc\u0131lar enflasyon, Fed ve dolar\u0131 izliyor. Bu kar\u0131\u015f\u0131m, alt\u0131n\u0131 ola\u011fandan daha fazla faiz riskine duyarl\u0131 hale getirdi.<\/p>\n\n\n\n<p><strong>Fed\u2019den Ne Bekleniyor?<\/strong><\/p>\n\n\n\n<p>Fed\u2019in \u00e7ar\u015famba g\u00fcn\u00fc iki g\u00fcnl\u00fck toplant\u0131n\u0131n sonunda faizleri sabit tutmas\u0131 bekleniyor.<\/p>\n\n\n\n<p>Karar piyasay\u0131 \u015fa\u015f\u0131rtmayabilir. Yat\u0131r\u0131mc\u0131lar, Fed\u2019in mesaj\u0131na odaklanacak; \u00f6zellikle petrol kaynakl\u0131 enflasyon mu yoksa k\u00fcresel yava\u015flama m\u0131 daha \u00e7ok \u00f6ne \u00e7\u0131kacak.<\/p>\n<\/details>\n\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>S\u00fcrpriz d\u00fc\u015f\u00fc\u015f: Alt\u0131n g\u00fcvenli liman olsa da petrol 110 dolar \u00fcst\u00fcnde, enflasyon-faiz endi\u015fesi ve g\u00fc\u00e7l\u00fc dolar bask\u0131s\u0131yla 3 haftan\u0131n dibinde. XAU\/USD 4.625; 4.600 k\u0131r\u0131l\u0131rsa 4.500 g\u00fcndemde.<\/p>\n","protected":false},"author":87,"featured_media":45612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-45613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45613","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=45613"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/45612"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}