{"id":49762,"date":"2026-06-22T00:42:13","date_gmt":"2026-06-22T00:42:13","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/sahin-fed-abd-iran-diplomasisine-iliskin-tedirginligi-dengelerken-altin-4-155-dolar-civarinda-yatay-seyretti\/"},"modified":"2026-06-22T00:42:13","modified_gmt":"2026-06-22T00:42:13","slug":"sahin-fed-abd-iran-diplomasisine-iliskin-tedirginligi-dengelerken-altin-4-155-dolar-civarinda-yatay-seyretti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/sahin-fed-abd-iran-diplomasisine-iliskin-tedirginligi-dengelerken-altin-4-155-dolar-civarinda-yatay-seyretti\/","title":{"rendered":"\u015eahin Fed, ABD-\u0130ran diplomasisine ili\u015fkin tedirginli\u011fi dengelerken alt\u0131n 4.155 dolar civar\u0131nda yatay seyretti"},"content":{"rendered":"

Alt\u0131n (XAU\/USD), Pazartesi g\u00fcn\u00fc Asya seans\u0131n\u0131n erken saatlerinde ABD-\u0130ran bar\u0131\u015f g\u00f6r\u00fc\u015fmelerine ili\u015fkin \u0130svi\u00e7re\u2019deki geli\u015fmelerin, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) daha \u015fahin duru\u015fuyla birlikte de\u011ferlendirilmesiyle 4.155 dolar civar\u0131na geriledi. Hafta sonunda ABD Ba\u015fkan\u0131 Donald Trump, Hizbullah\u2019\u0131n \u0130srail\u2019e y\u00f6nelik sald\u0131r\u0131lar\u0131n\u0131 s\u00fcrd\u00fcrmesi halinde \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131 tehdidinde bulunurken, \u0130ranl\u0131 m\u00fczakereciler s\u00f6ylemlere tepki olarak g\u00f6r\u00fc\u015fmeleri ask\u0131ya ald\u0131; ancak temaslar\u0131n s\u00fcrd\u00fc\u011f\u00fc ifade edildi. Goldman Sachs, bu y\u0131l ABD\u2019de faiz indirimi beklentisini rafa kald\u0131rmas\u0131n\u0131n ard\u0131ndan, Aral\u0131k ay\u0131 i\u00e7in ons alt\u0131n tahminini 5.400 dolardan 4.900 dolara d\u00fc\u015f\u00fcrd\u00fc.<\/p>\n

Alt\u0131n, geleneksel bir de\u011fer saklama arac\u0131 olmay\u0131 s\u00fcrd\u00fcr\u00fcrken, yayg\u0131n bi\u00e7imde g\u00fcvenli liman olarak g\u00f6r\u00fclmekte; ayn\u0131 zamanda enflasyona ve para birimi de\u011fer kayb\u0131na kar\u015f\u0131 bir korunma arac\u0131 i\u015flevi g\u00f6rmektedir. En b\u00fcy\u00fck alt\u0131n sahipleri merkez bankalar\u0131d\u0131r ve D\u00fcnya Alt\u0131n Konseyi (WGC) verilerine g\u00f6re 2022\u2019de rezervlerine yakla\u015f\u0131k 70 milyar dolar de\u011ferinde 1.136 ton ekleyerek kay\u0131tlardaki en y\u00fcksek y\u0131ll\u0131k al\u0131m\u0131 ger\u00e7ekle\u015ftirdiler. Fiyatlar genellikle ABD Dolar\u0131 ve ABD Hazine tahvilleriyle ters korelasyon g\u00f6sterir; ayr\u0131ca riskli varl\u0131klar\u0131n tersine hareket edebilir. Getirisi olmayan bir varl\u0131k olmas\u0131 nedeniyle alt\u0131n, jeopolitik \u015foklar ve daha d\u00fc\u015f\u00fck faiz oranlar\u0131 d\u00f6nemlerinde \u00e7o\u011fu zaman destek bulur.<\/p>\n

K\u0131sa Vadeli Bask\u0131lar ve Volatiliteyi Tetikleyen Unsurlar<\/h3>\n

Alt\u0131n\u0131n 4.155 dolar yak\u0131nlar\u0131nda i\u015flem g\u00f6rd\u00fc\u011f\u00fcn\u00fc d\u00fc\u015f\u00fcn\u00fcyoruz; ancak k\u0131sa vadede yukar\u0131 y\u00f6n\u00fcn s\u0131n\u0131rl\u0131 kald\u0131\u011f\u0131 g\u00f6r\u00fcl\u00fcyor. Fed\u2019in \u015fahin duru\u015fu ABD Dolar\u0131\u2019n\u0131 destekleyerek de\u011ferli metaller i\u00e7in belirgin bir bask\u0131 yarat\u0131yor. Bu para politikas\u0131 kaynakl\u0131 bask\u0131, belirsizli\u011fini koruyan ABD-\u0130ran g\u00f6r\u00fc\u015fmelerinden gelen jeopolitik risk primine do\u011frudan kar\u015f\u0131t y\u00f6nde \u00e7al\u0131\u015f\u0131yor.<\/p>\n

\u0130ki hafta \u00f6nce a\u00e7\u0131klanan ve 285 bin istihdam art\u0131\u015f\u0131na i\u015faret eden g\u00fc\u00e7l\u00fc Tar\u0131m D\u0131\u015f\u0131 \u0130stihdam verisi, Fed\u2019e s\u0131k\u0131 duru\u015funu korumak i\u00e7in geni\u015f bir alan tan\u0131yor. Sonu\u00e7 olarak Fed fon vadeli kontratlar\u0131nda 2026 i\u00e7in faiz indirimi beklentilerinin tamamen fiyatlamadan \u00e7\u0131kt\u0131\u011f\u0131n\u0131, Eyl\u00fcl\u2019e kadar bir faiz art\u0131\u015f\u0131 ihtimalinin ise %15\u2019e y\u00fckseldi\u011fini g\u00f6r\u00fcyoruz. Bu durum, getirisi olmayan bir varl\u0131k olarak alt\u0131n\u0131 ta\u015f\u0131may\u0131 yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan daha maliyetli hale getiriyor.<\/p>\n

\u0130svi\u00e7re\u2019deki gerilim g\u00f6z \u00f6n\u00fcne al\u0131nd\u0131\u011f\u0131nda, \u00f6n\u00fcm\u00fczdeki haftalarda man\u015fet odakl\u0131 sert fiyat dalgalanmalar\u0131 bekliyoruz. Alt\u0131n opsiyonlar\u0131nda ima edilen volatilite \u015fimdiden %18,5 ile \u00fc\u00e7 ay\u0131n zirvesine y\u00fckseldi; bu da piyasan\u0131n belirgin bir harekete fiyat verdi\u011fine i\u015faret ediyor. Diplomatik tablo netle\u015fene kadar iron condor gibi stratejilerle prim satman\u0131n riskli olabilece\u011fi kanaatindeyiz.<\/p>\n

Jeopolitik \u00c7alkant\u0131 Ortam\u0131nda Yap\u0131sal Destek<\/h3>\n

Bu tablo, Fed\u2019in agresif faiz art\u0131r\u0131mlar\u0131na ra\u011fmen jeopolitik t\u00fcrb\u00fclans\u0131n alt\u0131n i\u00e7in bir taban olu\u015fturdu\u011fu 1970\u2019lerin son d\u00f6nemini and\u0131r\u0131yor. G\u00fc\u00e7l\u00fc dolar k\u0131sa vadede bask\u0131 unsuru olsa da, merkez bankalar\u0131n\u0131n al\u0131mlar\u0131 uzun vadede g\u00fc\u00e7l\u00fc bir destek olmaya devam ediyor; D\u00fcnya Alt\u0131n Konseyi, ge\u00e7en ay resmi rezervlere ilave 85 ton daha eklendi\u011fini bildirdi. Bu nedenle 4.000 dolar\u0131n alt\u0131na olas\u0131 belirgin geri \u00e7ekilmeleri yap\u0131sal bir al\u0131m f\u0131rsat\u0131 olarak de\u011ferlendirebilir; \u00f6rne\u011fin uzun vadeli al\u0131m opsiyonlar\u0131yla (long-dated call) pozisyon al\u0131narak maruziyet sa\u011flanabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"

Alt\u0131nda g\u00f6zler \u0130svi\u00e7re\u2019de: XAU\/USD 4.155 dolara gerilerken, \u015fahin Fed ve g\u00fc\u00e7lenen dolar bask\u0131 kuruyor. ABD-\u0130ran hatt\u0131 volatiliteyi art\u0131r\u0131yor; Goldman hedefi d\u00fc\u015f\u00fcrd\u00fc, merkez bankalar\u0131 destek sa\u011fl\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":47855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49762","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/49762","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=49762"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/49762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47855"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=49762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=49762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=49762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}