Alt\u0131n, sal\u0131 g\u00fcn\u00fc New York sabah saatlerinde 4.020 dolar civar\u0131nda i\u015flem g\u00f6rd\u00fc; yakla\u015f\u0131k 4.075 dolardan a\u00e7\u0131lmas\u0131n\u0131n ve 4.000 dolar\u0131n hemen \u00fczerine kadar gerilemesinin ard\u0131ndan yakla\u015f\u0131k %1,4 d\u00fc\u015f\u00fc\u015f kaydetti. D\u00fc\u015f\u00fc\u015f, Asya hisse senetlerinde sat\u0131\u015f dalgas\u0131yla geldi: Kore hisseleri yakla\u015f\u0131k %11 gerilerken Nikkei 225\u2019e yak\u0131n %4 d\u00fc\u015ft\u00fc ve b\u00f6lgesel g\u00f6sterge endeks %3 kay\u0131p verdi. Korunma talebi ise devlet tahvilleri ve ABD Dolar\u0131\u2019n\u0131 \u00f6ne \u00e7\u0131kard\u0131: ABD Dolar Endeksi (DXY) bir ay\u0131n zirvesi olan 101,50 civar\u0131ndayd\u0131 ve dolar\/yen 164,00 seviyesinin hemen alt\u0131nda seyretti. Jeopolitik destek de zay\u0131flad\u0131; ABD\u2019nin \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar\u0131na verilen aran\u0131n d\u00f6rd\u00fcnc\u00fc g\u00fcn\u00fcne girilirken, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndan ge\u00e7en gemi trafi\u011fi \u00e7at\u0131\u015fma \u00f6ncesindeki yakla\u015f\u0131k 100\u2019e k\u0131yasla g\u00fcnde 10 geminin alt\u0131nda kald\u0131.<\/p>\n\n
G\u00f6zler \u00e7ar\u015famba g\u00fcn\u00fc 18:00 GMT\u2019de a\u00e7\u0131klanacak politika karar\u0131na \u00e7evrildi. Piyasalar bu toplant\u0131da faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 %36 fiyatlarken, eyl\u00fcle kadar en az bir art\u0131r\u0131m ihtimali yakla\u015f\u0131k %80 seviyesinde; 2026 faiz e\u011frisinde ise indirim fiyatlamas\u0131 bulunmuyor. Haziran enflasyonu man\u015fette y\u0131ll\u0131k %3,5 ile %3,75\u2019lik \u00fcst s\u0131n\u0131ra k\u0131yasla daha d\u00fc\u015f\u00fck gelirken, \u00e7ekirdek enflasyon %2,6 oldu. Fon verileri, fiziki alt\u0131nla destekli borsa yat\u0131r\u0131m \u00fcr\u00fcnlerinden (ETP) yakla\u015f\u0131k 8,9 milyar dolar \u00e7\u0131k\u0131\u015f ya\u015fand\u0131\u011f\u0131n\u0131; varl\u0131klar\u0131n 74 ton azalarak 4.000 tonun biraz \u00fczerine geriledi\u011fini g\u00f6sterdi. Buna kar\u015f\u0131n ilk yar\u0131 net giri\u015fleri yakla\u015f\u0131k 8 milyar dolar olurken Asya fonlar\u0131 rekor 12 milyar dolar \u00e7ekti. Per\u015fembe g\u00fcn\u00fc haziran \u00e7ekirdek PCE\u2019nin ayl\u0131k %0,2 ve y\u0131ll\u0131k %3,3 (\u00f6nceki kar\u015f\u0131la\u015ft\u0131rma: %0,3 ve %3,4), GSYH\u2019nin y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f %2,1 ve i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131n\u0131n 200 bin (187 bine k\u0131yasla) gelmesi bekleniyor. Ayr\u0131 olarak \u00f6zel sekt\u00f6r istihdam art\u0131\u015f\u0131 16.250\u2019den 15.000\u2019e yava\u015flad\u0131 ve g\u00fcven endeksi 90,8 olarak a\u00e7\u0131kland\u0131. \u00d6ne \u00e7\u0131kan teknik seviyeler 4.075 dolarda diren\u00e7, ard\u0131ndan 4.150 dolar ve 50 g\u00fcnl\u00fck \u00fcssel hareketli ortalaman\u0131n (EMA) bulundu\u011fu 4.200 dolar; destek ise 4.000 dolar ve 3.950 dolar\u0131n hemen alt\u0131 olarak belirtildi. Ocak ay\u0131ndaki yakla\u015f\u0131k 5.600 dolarl\u0131k rekordan bu yana geri \u00e7ekilme %28 seviyesinde.<\/p>\n\n
T\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lar\u0131n, k\u00fcresel piyasalardaki \u00e7alkant\u0131ya ra\u011fmen alt\u0131n\u0131n g\u00fcvenli liman i\u015flevi g\u00f6rmemesi nedeniyle k\u0131sa vadeli alt\u0131n y\u00fckseli\u015flerinde sat\u0131\u015fa haz\u0131rl\u0131kl\u0131 olmas\u0131 gerekti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. Asya\u2019da hisselerde \u00e7ift haneli sert d\u00fc\u015f\u00fc\u015fe ra\u011fmen alt\u0131n\u0131n 4.020 dolar seviyesine gerilemesi, geleneksel \u201ckorku al\u0131m\u0131n\u0131n\u201d a\u00e7\u0131k bi\u00e7imde ABD dolar\u0131 ve Hazine tahvillerine akt\u0131\u011f\u0131n\u0131 g\u00f6steriyor. 4.075 dolardaki diren\u00e7 seviyesine do\u011fru ya\u015fanabilecek ge\u00e7ici toparlanmalarda, put al\u0131m\u0131 gibi ay\u0131 y\u00f6nl\u00fc opsiyon pozisyonlar\u0131 tesis edilmesini g\u00f6zetmeliyiz.<\/p>\n\n
Alt\u0131n \u00fczerindeki temel bask\u0131, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) \u0131srarc\u0131 \u015fahin duru\u015fu olmaya devam ediyor; piyasalar eyl\u00fcle kadar faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 %80 olarak fiyatl\u0131yor. Tarihsel olarak reel faizler pozitife d\u00f6nd\u00fc\u011f\u00fcnde\u20142013\u2019teki \u201ctaper tantrum\u201d d\u00f6neminde alt\u0131n\u0131n %25\u2019ten fazla d\u00fc\u015fmesine benzer \u015fekilde\u2014getiri \u00fcretmeyen alt\u0131n, nakitle rekabette zorlan\u0131r. \u00c7ekirdek PCE enflasyonunun %3,3 gelmesi beklentisi ve politika faizinin olduk\u00e7a k\u0131s\u0131tlay\u0131c\u0131 kalmas\u0131yla, \u00f6n\u00fcm\u00fczdeki haftalarda metalin g\u00fc\u00e7l\u00fc bask\u0131 alt\u0131nda kalmas\u0131n\u0131 bekliyoruz.<\/p>\n\n
Bat\u0131\u2019daki kurumsal sat\u0131\u015flarla Asya\u2019daki fiziki al\u0131m aras\u0131ndaki belirgin ayr\u0131\u015fmay\u0131 da izlemek gerekiyor. D\u00fcnya Alt\u0131n Konseyi verilerine g\u00f6re fiziki alt\u0131nla destekli ETF\u2019lerden haziranda 8,9 milyar dolar \u00e7\u0131k\u0131\u015f ya\u015fand\u0131; bu, y\u00fckselen getirilerin sermayeyi de\u011ferli metallerden uzakla\u015ft\u0131rd\u0131\u011f\u0131 daha geni\u015f bir trendi yans\u0131t\u0131yor. Uzun vadeli Asya birikimi ge\u00e7ici bir tampon sa\u011flasa da, Bat\u0131\u2019daki kurumsal deste\u011fin yoklu\u011fu nedeniyle y\u00fckseli\u015flerin muhtemelen 4.200 dolardaki 50 g\u00fcnl\u00fck hareketli ortalama civar\u0131nda s\u0131n\u0131rlanaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz.<\/p>\n\n
\u00d6n\u00fcm\u00fczdeki haftalara y\u00f6nelik i\u015flem stratejimizde, kritik 4.000 dolar destek seviyesinin hedeflenmesini, ikincil hedef olarak da yaz d\u00f6nemi taban\u0131 olan 3.950 dolar\u0131n izlenmesini \u00f6neriyoruz. Yat\u0131r\u0131mc\u0131lar, per\u015fembe g\u00fcnk\u00fc b\u00fcy\u00fcme ve enflasyon verileri etraf\u0131nda oynakl\u0131k artarsa riski s\u0131n\u0131rlarken a\u015fa\u011f\u0131 y\u00f6nl\u00fc momentumu yakalamak i\u00e7in ay\u0131 put spread\u2019lerini kullanabilir. Alt\u0131n 4.150 dolardaki diren\u00e7 seviyesinin \u00fczerinde g\u00fcnl\u00fck kapan\u0131\u015f yapmad\u0131k\u00e7a bu ay\u0131 e\u011filimin korunmas\u0131n\u0131 uygun g\u00f6r\u00fcyoruz.<\/p>\n\n\n\n
Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":" \u015eok d\u00fc\u015f\u00fc\u015f: Alt\u0131n 4.020 dolara inip %1,4 gerilerken g\u00fcvenli liman talebi dolara ve Hazine\u2019ye kayd\u0131. Fed\u2019in \u015fahinli\u011fi ve ETF \u00e7\u0131k\u0131\u015flar\u0131 bask\u0131 yarat\u0131yor; 4.000\/3.950 destek, 4.075-4.200 diren\u00e7.<\/p>\n","protected":false},"author":87,"featured_media":50053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t