Hindistan\u2019daki Alt\u0131n ETF\u2019leri (Alt\u0131n Borsa Yat\u0131r\u0131m Fonu), nisan ay\u0131nda \u00fcst \u00fcste 11. ayda da net para giri\u015fi g\u00f6rd\u00fc. D\u00fcnya Alt\u0131n Konseyi verilerine g\u00f6re net giri\u015fler 297,2 milyon dolara \u00e7\u0131kt\u0131; marttaki 176,6 milyon dolara g\u00f6re %68 art\u0131\u015f oldu.<\/p>\n
Hindistan\u2019da Alt\u0131n ETF\u2019lerinde May\u0131s 2025\u2019ten bu yana para giri\u015fi var; en y\u00fcksek ayl\u0131k seviye ocakta g\u00f6r\u00fcld\u00fc. Martta alt\u0131n fiyatlar\u0131 %11 d\u00fc\u015fmesine ra\u011fmen, Hindistan Alt\u0131n ETF\u2019leri yine net giri\u015f ald\u0131; bir\u00e7ok b\u00f6lgede ise para \u00e7\u0131k\u0131\u015f\u0131 ya\u015fand\u0131.<\/p>\n
K\u00fcreselde, fiziki alt\u0131nla desteklenen Alt\u0131n ETF\u2019leri (fonun elinde ger\u00e7ek alt\u0131n tutulan ETF\u2019ler) nisanda 6,6 milyar dolarl\u0131k giri\u015f kaydetti ve marttaki \u00e7\u0131k\u0131\u015flar\u0131 k\u0131smen telafi etti. Nisandaki en b\u00fcy\u00fck giri\u015f 2,1 milyar dolarla Birle\u015fik Krall\u0131k\u2019tan geldi; onu 845 milyon dolarla ABD ve 732 milyon dolarla Hong Kong izledi.<\/p>\n
Alt\u0131n\u0131n spot fiyat\u0131 (piyasada anl\u0131k olu\u015fan \u201chemen teslim\u201d fiyat) mart sonundan bu yana geni\u015f bir bantta, 4.400\u20134.900 dolar aral\u0131\u011f\u0131nda hareket ediyor. ETF ak\u0131mlar\u0131 fiziki piyasay\u0131 etkileyebilir; ayr\u0131ca merkez bankalar\u0131n\u0131n faiz beklentileri ve jeopolitik geli\u015fmeler de fiyat hareketleriyle ili\u015fkilendiriliyor.<\/p>\n
D\u00fcnya Alt\u0131n Konseyi\u2019ne g\u00f6re merkez bankalar\u0131 2022\u2019de yakla\u015f\u0131k 70 milyar dolar de\u011ferinde 1.136 ton alt\u0131n ekledi; bu, kay\u0131tlardaki en y\u00fcksek y\u0131ll\u0131k al\u0131m. Alt\u0131n \u00e7o\u011fu zaman de\u011fer saklama arac\u0131 olarak g\u00f6r\u00fcl\u00fcr ve ABD Dolar\u0131 ile ABD Hazine tahvillerine (Treasuries: ABD\u2019nin devlet tahvilleri) ters y\u00f6nde hareket edebilir.<\/p>\n
Bu s\u00fcrekli al\u0131m\u0131n, yurt i\u00e7i enflasyona kar\u015f\u0131 bir korunma (hedge: riski azaltmak i\u00e7in yap\u0131lan pozisyon) oldu\u011fu de\u011ferlendirilebilir. Hindistan\u2019\u0131n nisan T\u00fcketici Fiyat Endeksi (T\u00dcFE\/CPI: t\u00fcketici enflasyonunu \u00f6l\u00e7en g\u00f6sterge) %5,1 ile g\u00fc\u00e7l\u00fc kald\u0131 ve beklentilerin biraz \u00fczerinde geldi. Enflasyon bask\u0131s\u0131 s\u00fcrd\u00fck\u00e7e, bireysel ve kurumsal al\u0131mlar\u0131n sert geri \u00e7ekilmelerde d\u00fc\u015f\u00fc\u015f\u00fc s\u0131n\u0131rlamas\u0131 beklenebilir.<\/p>\n
\u00d6te yandan alt\u0131n taraf\u0131nda yukar\u0131 y\u00f6n\u00fcn 4.900 dolar civar\u0131nda s\u0131n\u0131rlanmas\u0131 olas\u0131 g\u00f6r\u00fcn\u00fcyor; \u00e7\u00fcnk\u00fc merkez bankas\u0131 duru\u015fu \u201c\u015fahin\u201d (hawkish: faizleri y\u00fcksek tutmaya e\u011filimli, s\u0131k\u0131 para politikas\u0131) kal\u0131yor. CME FedWatch Tool verilerine g\u00f6re piyasa, eyl\u00fcl \u00f6ncesi ABD\u2019de faiz indirimi ihtimalini yaln\u0131zca %20 olarak fiyatl\u0131yor. Bu durum, faiz getirisi olmayan varl\u0131klar\u0131n (alt\u0131n gibi kupon\/faiz \u00f6demeyen varl\u0131klar) cazibesini azalt\u0131r. Bu g\u00fc\u00e7l\u00fc diren\u00e7, k\u0131sa vadede 5.000 dolar \u00fcst\u00fcne kal\u0131c\u0131 bir \u00e7\u0131k\u0131\u015f\u0131 zorla\u015ft\u0131rabilir.<\/p>\n
G\u00fc\u00e7l\u00fc destek ve sert direncin ayn\u0131 anda g\u00f6r\u00fclmesi, oynakl\u0131\u011f\u0131 (volatility: fiyatlar\u0131n ne kadar h\u0131zl\u0131\/geni\u015f dalgaland\u0131\u011f\u0131) d\u00fc\u015f\u00fcr\u00fcr; bu da opsiyon (options: belirli bir tarihe kadar belirli fiyattan al\u0131m-sat\u0131m hakk\u0131 veren s\u00f6zle\u015fmeler) i\u015flemleri i\u00e7in \u00f6nemli bir unsurdur. CBOE Gold Volatility Index (GVZ) (alt\u0131n opsiyonlar\u0131ndan t\u00fcretilen \u201cbeklenen oynakl\u0131k\u201d endeksi) son d\u00f6nemde 14,5 civar\u0131nda 6 haftan\u0131n dibine indi; bu, piyasan\u0131n fiyat\u0131n mevcut kanal i\u00e7inde kalmas\u0131n\u0131 bekledi\u011fini g\u00f6sterir.<\/p>\n
\u00d6n\u00fcm\u00fczdeki haftalarda, d\u00fc\u015f\u00fck oynakl\u0131k ve bant hareketinden fayda sa\u011flayan stratejiler \u00f6ne \u00e7\u0131kabilir. 4.400\u20134.900 band\u0131n\u0131n d\u0131\u015f\u0131na gelecek kullan\u0131m fiyatlar\u0131yla (strike: opsiyonun hak fiyat\u0131) straddle\/strangle sat\u0131\u015f\u0131 (iki y\u00f6nl\u00fc opsiyon sat\u0131\u015f\u0131; fiyat\u0131n belirli aral\u0131kta kalmas\u0131ndan prim toplama) g\u00fcndeme gelebilir. Iron condor (d\u00f6rt opsiyonla kurulan, fiyat aral\u0131kta kal\u0131rsa prim kazand\u0131ran s\u0131n\u0131rl\u0131 riskli yap\u0131) da fiyat yatay kald\u0131k\u00e7a prim (premium: opsiyonun bedeli) toplamak i\u00e7in kullan\u0131labilir.<\/p>\n
Bu g\u00f6r\u00fc\u015f\u00fcn ana riski, b\u00fcy\u00fck bir jeopolitik gerilim art\u0131\u015f\u0131 veya b\u00fcy\u00fck bir merkez bankas\u0131ndan beklenmedik \u201cg\u00fcvercin\u201d d\u00f6n\u00fc\u015f (dovish: faiz indirimine\/gev\u015femeye daha yak\u0131n duru\u015f) olur. Enerji fiyatlar\u0131ndaki hareketler ve yakla\u015fan merkez bankas\u0131 a\u00e7\u0131klamalar\u0131 yak\u0131ndan izlenmeli; para politikas\u0131nda yumu\u015fama sinyali, band\u0131n k\u0131r\u0131lmas\u0131na yol a\u00e7abilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
Alt\u0131nda dikkat \u00e7eken ak\u0131m: Hindistan Alt\u0131n ETF\u2019leri 11. ayda da para \u00e7ekti; nisanda giri\u015f 297 milyon $\u2019a \u00e7\u0131kt\u0131. K\u00fcreselde 6,6 milyar $ giri\u015f var; fiyat 4.400\u20134.900 bantta.<\/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-46503","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\/46503","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=46503"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46503\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}