\u00c7in\u2019de perakende fiziki alt\u0131n yat\u0131r\u0131m\u0131 2\u00c7\u2019de 107 tona geriledi; bu seviye \u00e7eyreklik bazda %48, y\u0131ll\u0131k bazda %7 d\u00fc\u015f\u00fc\u015fe i\u015faret ediyor. 1\u00c7\u2019de 207 tonla t\u00fcm zamanlar\u0131n zirvesi g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Buna ra\u011fmen 2010\u2019dan bu yana \u00fc\u00e7\u00fcnc\u00fc en y\u00fcksek 2\u00c7 kaydedildi ve yerel alt\u0131n fiyat\u0131n\u0131n y\u0131ll\u0131k %29 artmas\u0131yla de\u011fer baz\u0131nda ikinci \u00e7eyrek rekoru k\u0131r\u0131ld\u0131. 2026\u2019n\u0131n ilk yar\u0131s\u0131nda (H1) perakende alt\u0131n yat\u0131r\u0131m talebi %31 artt\u0131. Al\u0131mlar Nisan ve May\u0131s ba\u015f\u0131nda yo\u011funla\u015ft\u0131; fiyat\u0131n bant i\u00e7inde kalmas\u0131 ve ak\u0131mlar\u0131n yurti\u00e7i yapay zek\u00e2 temal\u0131 hisselere y\u00f6nelmesiyle May\u0131s sonu ve Haziran\u2019da h\u0131z kesti. \u00c7in alt\u0131n ETF\u2019leri H1\u2019de yine de 29 ton ekledi; bu, kay\u0131tlardaki en g\u00fc\u00e7l\u00fc ikinci ba\u015flang\u0131\u00e7 olurken, Haziran \u00e7\u0131k\u0131\u015flar\u0131na ra\u011fmen toplam y\u00f6netilen varl\u0131k (AUM) %1 artt\u0131.<\/p>\n\n
Ge\u00e7en Kas\u0131m devreye al\u0131nan KDV de\u011fi\u015fiklikleri, KDV\u2019den muaf kalmaya devam eden SGE \u00fcyesi k\u00fcl\u00e7e alt\u0131n ve sikkeleri \u00f6ne \u00e7\u0131kard\u0131. Buna kar\u015f\u0131l\u0131k g\u00fcm\u00fc\u015f ve platin k\u00fcl\u00e7e\/sikke ile SGE \u00fcyesi olmayanlar\u0131n satt\u0131\u011f\u0131 alt\u0131n yat\u0131r\u0131m \u00fcr\u00fcnleri, toplam de\u011fer \u00fczerinden %13 KDV\u2019ye tabi; m\u00fccevher al\u0131c\u0131lar\u0131 fiilen yakla\u015f\u0131k %7 KDV \u00f6d\u00fcyor. Politika, \u201cyar\u0131 yat\u0131r\u0131m\u201d niteli\u011findeki 24 ayar m\u00fccevherden k\u00fcl\u00e7e alt\u0131na kay\u0131\u015f\u0131 te\u015fvik ederken, 2025 sonlar\u0131nda g\u00fcm\u00fc\u015f k\u00fcl\u00e7e sat\u0131\u015flar\u0131n\u0131 h\u0131zland\u0131rd\u0131; ancak fiyatlar gerileyince talep zay\u0131flad\u0131. Metals Focus, 2026\u2019n\u0131n ikinci yar\u0131s\u0131nda (H2) \u00c7in\u2019in alt\u0131n talebinin y\u0131ll\u0131k %20 artarak yakla\u015f\u0131k 500 tona \u00e7\u0131kaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyor. K\u00fcresel \u00f6l\u00e7ekte ise 2025\u2019te sikke ve k\u00fcl\u00e7e talebi 12 y\u0131l\u0131n zirvesi olan 1.374,1 tona (154 milyar $) ula\u015ft\u0131; bunun yar\u0131dan fazlas\u0131 \u00c7in ve Hindistan kaynakl\u0131yd\u0131.<\/p>\n\n
Alt\u0131n fiyatlar\u0131n\u0131n son dalgalanmalar\u0131n ard\u0131ndan istikrar kazanmakta oldu\u011funu g\u00f6r\u00fcyoruz; bu da \u00f6n\u00fcm\u00fczdeki haftalar\u0131 t\u00fcrev i\u015flem yapanlar i\u00e7in kritik bir pencere haline getiriyor. \u00c7in\u2019de 2026\u2019n\u0131n ilk yar\u0131s\u0131nda perakende alt\u0131n yat\u0131r\u0131m\u0131n\u0131n %31 s\u0131\u00e7ramas\u0131yla, fiziki talep piyasaya son derece sa\u011flam bir taban sa\u011fl\u0131yor. T\u00fcrev i\u015flem yapanlar\u0131n, bu temel g\u00fcc\u00fc ge\u00e7ici fiyat geri \u00e7ekilmelerinde uzun pozisyonlar olu\u015fturarak de\u011ferlendirmesini \u00f6neriyoruz.<\/p>\n\n
\u00c7in alt\u0131n ETF\u2019leri y\u0131l\u0131n ilk yar\u0131s\u0131nda 29 ton ekledi ve kay\u0131tlardaki en g\u00fc\u00e7l\u00fc ba\u015flang\u0131\u00e7lardan birine imza att\u0131. Ayr\u0131ca \u00c7in\u2019de yerel alt\u0131n fiyat\u0131 y\u0131ll\u0131k bazda %29 y\u00fckselerek g\u00fc\u00e7l\u00fc yurti\u00e7i momentuma i\u015faret ediyor. Bu kal\u0131c\u0131 al\u0131m bask\u0131s\u0131n\u0131n, k\u0131sa vadede alt\u0131n vadeli kontratlar\u0131nda belirgin bir a\u015fa\u011f\u0131 y\u00f6n\u00fc s\u0131n\u0131rlayaca\u011f\u0131 kanaatindeyiz.<\/p>\n\n
SGE \u00fcyesi olmayan metallerde uygulanan %13 KDV gibi son d\u00fczenleyici de\u011fi\u015fimler, \u00c7inli yat\u0131r\u0131mc\u0131lar\u0131 g\u00fcm\u00fc\u015f veya m\u00fccevher yerine standart k\u00fcl\u00e7e alt\u0131na belirgin \u015fekilde y\u00f6nlendirdi. Bu yap\u0131sal kayma, fiziki alt\u0131n talebinin yo\u011funla\u015fmas\u0131na ve likiditenin y\u00fcksek kalmas\u0131na yol a\u00e7\u0131yor; bu da tarihsel olarak vadeli piyasalarda daha istikrarl\u0131 bir yukar\u0131 e\u011filimi destekler. Yat\u0131r\u0131mc\u0131lar, riski s\u0131n\u0131rlarken \u00f6ng\u00f6r\u00fclen bu kademeli b\u00fcy\u00fcmeyi yakalamak i\u00e7in \u201cbull call spread\u201d stratejilerini de\u011ferlendirebilir.<\/p>\n\n
Projeksiyonlar, 2026\u2019n\u0131n ikinci yar\u0131s\u0131nda \u00c7in alt\u0131n talebinin %20 artarak yakla\u015f\u0131k 500 tona \u00e7\u0131kaca\u011f\u0131na i\u015faret ediyor. K\u00fcresel faiz dinamikleri de\u011fi\u015firken ve merkez bankalar\u0131 rezerv biriktirmeyi s\u00fcrd\u00fcr\u00fcrken, alt\u0131n\u0131n \u201cg\u00fcvenli liman\u201d cazibesi daha da g\u00fc\u00e7leniyor. Bu dayan\u0131kl\u0131 d\u00f6ng\u00fcde uzun pozisyonlar\u0131n korunmas\u0131n\u0131 ve agresif k\u0131sa y\u00f6nl\u00fc i\u015flemlerden ka\u00e7\u0131n\u0131lmas\u0131n\u0131 \u00f6neriyoruz.<\/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":" \u00c7in\u2019de fiziki alt\u0131n 2\u00c7\u2019de 107 tona inse de H1 talep %31 artt\u0131; ETF\u2019ler 29 ton ekledi. KDV d\u00fczeni k\u00fcl\u00e7eyi \u00f6ne \u00e7\u0131kar\u0131yor; H2\u2019de talep %20 art\u0131\u015fla 500 ton beklentisi.<\/p>\n","protected":false},"author":87,"featured_media":50022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-52842","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