Alt\u0131n, Donald Trump\u2019\u0131n \u0130ran\u2019a y\u00f6nelik planlanan ABD sald\u0131r\u0131lar\u0131n\u0131 duraklatt\u0131\u011f\u0131na ili\u015fkin haberlerin ard\u0131ndan Pazartesi g\u00fcn\u00fc Asya i\u015flemlerinin erken saatlerinde yeniden 4.050 dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131; XAU\/USD 4.060 dolar civar\u0131nda i\u015flem g\u00f6rd\u00fc. Bloomberg, Trump\u2019\u0131n \u0130ran\u2019\u0131n n\u00fckleer program\u0131na ili\u015fkin bir anla\u015fmaya \u201ch\u0131zla\u201d var\u0131lmas\u0131 ve H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n tamamen yeniden a\u00e7\u0131lmas\u0131 temelinde harek\u00e2t\u0131 ask\u0131ya ald\u0131\u011f\u0131n\u0131 bildirdi. Trump ayr\u0131ca Cumartesi g\u00fcn\u00fc Truth Social\u2019da, duraklaman\u0131n Tahran ve b\u00f6lgedeki di\u011fer \u00fclkelerden gelen temaslar\u0131n ard\u0131ndan geldi\u011fini yineledi. Ancak \u0130ran\u2019\u0131n Mehr haber ajans\u0131, yetkililere at\u0131fla bu iddiay\u0131 reddettiklerini ve silahl\u0131 kuvvetlerin y\u00fcksek alarm seviyesinde oldu\u011funu aktard\u0131; bu da jeopolitik riskin g\u00fcndemde kalmas\u0131na neden oldu.<\/p>\n\n
Piyasalar ayn\u0131 zamanda politika cephesini de tart\u0131yor. Fed ge\u00e7en hafta faizleri 3,50%-3,75% hedef aral\u0131\u011f\u0131nda de\u011fi\u015ftirmedi; Ba\u015fkan Kevin Warsh ise enflasyonu d\u00fc\u015f\u00fcrmeye odaklanmay\u0131 yeniden vurgulad\u0131. Bu g\u00f6r\u00fcn\u00fcm, getiri sa\u011flamayan k\u00fcl\u00e7eye talebi s\u0131n\u0131rlayabilir. Commerzbank, son gerilim art\u0131\u015f\u0131n\u0131n petroldeki \u00f6nceki d\u00fc\u015f\u00fc\u015f\u00fc tersine \u00e7evirmeye yard\u0131mc\u0131 olarak enflasyon endi\u015felerini yeniden canland\u0131rd\u0131\u011f\u0131n\u0131 belirtti; uzun vadeli ABD tahvil getirilerindeki y\u00fckseli\u015fle birlikte bu tablo, alt\u0131n talebini enflasyona ve oynakl\u0131\u011fa kar\u015f\u0131 korunma olarak \u00f6ne \u00e7\u0131kard\u0131. \u00d6te yandan D\u00fcnya Alt\u0131n Konseyi verilerine g\u00f6re merkez bankalar\u0131 2022\u2019de yakla\u015f\u0131k 70 milyar dolar de\u011ferinde 1.136 ton alt\u0131n ekledi.<\/p>\n\n
T\u00fcrev i\u015flemler yapan yat\u0131r\u0131mc\u0131lara, fiyatlar\u0131n 4.060 dolar civar\u0131nda dengelenmesiyle alt\u0131n piyasas\u0131nda y\u00fcksek volatiliteye pozisyonlanmalar\u0131n\u0131 \u00f6neriyoruz. Trump\u2019\u0131n \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar\u0131 aniden duraklatmas\u0131 ge\u00e7ici bir sakinlik yaratm\u0131\u015f olsa da, durum son derece \u00f6ng\u00f6r\u00fclemez olmaya devam ediyor. Diplomatik g\u00f6r\u00fc\u015fmelerin ba\u015far\u0131ya ula\u015fmas\u0131 ya da \u00e7\u00f6kmesi halinde ortaya \u00e7\u0131kabilecek sert fiyat hareketlerinden faydalanmak i\u00e7in uzun straddle stratejileri kullan\u0131labilir.<\/p>\n\n
Brent petroldeki son toparlanman\u0131n enflasyon korkular\u0131n\u0131 yeniden canland\u0131rd\u0131\u011f\u0131 enerji piyasalar\u0131 da izlenmeli. Y\u00fcksek petrol fiyatlar\u0131 tarihsel olarak yat\u0131r\u0131mc\u0131lar\u0131 g\u00fcvenli liman olarak alt\u0131na y\u00f6nlendirir; bu da alt\u0131n al\u0131m (call) opsiyonlar\u0131n\u0131 \u015fu a\u015famada olduk\u00e7a cazip k\u0131l\u0131yor. Son finansal raporlar, hedge fonlar\u0131n son bir ayda net uzun alt\u0131n pozisyonlar\u0131n\u0131 %12 art\u0131rd\u0131\u011f\u0131n\u0131 g\u00f6steriyor; bu da g\u00fc\u00e7l\u00fc bir y\u00fckseli\u015f e\u011filimine i\u015faret ediyor.<\/p>\n\n
Bununla birlikte, bu y\u00fckseli\u015f senaryosu Fed\u2019in faizleri 3,50%-3,75% seviyesinde y\u00fcksek tutma karar\u0131n\u0131n yaratt\u0131\u011f\u0131 risklerle dengelenmeli. Alt\u0131n faiz getirmedi\u011fi i\u00e7in, bu y\u00fcksek oranlar \u00f6n\u00fcm\u00fczdeki haftalarda yukar\u0131 y\u00f6n\u00fc s\u0131n\u0131rlayabilecek bir kar\u015f\u0131 r\u00fczg\u00e2r olu\u015fturuyor. Bu riski y\u00f6netmek ad\u0131na, \u00f6n prim maliyetini s\u0131n\u0131rlarken olas\u0131 y\u00fckseli\u015f trendine kat\u0131l\u0131m\u0131 s\u00fcrd\u00fcren bo\u011fa call spread stratejilerini \u00f6neriyoruz.<\/p>\n\n
Ayr\u0131ca merkez bankalar\u0131n\u0131n alt\u0131n fiyatlar\u0131 i\u00e7in g\u00fc\u00e7l\u00fc bir g\u00fcvenlik a\u011f\u0131 sunmaya devam etti\u011fi unutulmamal\u0131. D\u00fcnya Alt\u0131n Konseyi\u2019nin tarihsel verileri, merkez bankalar\u0131n\u0131n yak\u0131n d\u00f6nemde 1.030 tonun \u00fczerinde alt\u0131n ald\u0131\u011f\u0131n\u0131 ve bu sayede g\u00fc\u00e7l\u00fc bir fiyat taban\u0131 olu\u015fturdu\u011funu g\u00f6steriyor. Bu nedenle, k\u0131sa vadeli geri \u00e7ekilmeler yeni uzun pozisyonlar i\u00e7in elveri\u015fli f\u0131rsatlar olarak de\u011ferlendirilmelidir.<\/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":" Alt\u0131nda kritik e\u015fik: Trump\u2019\u0131n \u0130ran sald\u0131r\u0131s\u0131n\u0131 duraklatmas\u0131yla ons 4.050 \u00fcst\u00fcne t\u0131rmand\u0131. \u0130ran yalanl\u0131yor, risk s\u00fcr\u00fcyor. Fed\u2019in y\u00fcksek faizi frene basarken petrol ve merkez bankas\u0131 al\u0131mlar\u0131 destek veriyor.<\/p>\n","protected":false},"author":87,"featured_media":50174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-52213","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