{"id":53833,"date":"2026-09-10T01:30:46","date_gmt":"2026-09-10T01:30:46","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/altin-fed-toplantisi-oncesi-yukselen-tahvil-faizlerine-ragmen-abd-hazine-tahvili-geri-alim-planinin-etkisiyle-4-400-dolar-civarinda-tutundu\/"},"modified":"2026-09-10T01:30:46","modified_gmt":"2026-09-10T01:30:46","slug":"altin-fed-toplantisi-oncesi-yukselen-tahvil-faizlerine-ragmen-abd-hazine-tahvili-geri-alim-planinin-etkisiyle-4-400-dolar-civarinda-tutundu","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/altin-fed-toplantisi-oncesi-yukselen-tahvil-faizlerine-ragmen-abd-hazine-tahvili-geri-alim-planinin-etkisiyle-4-400-dolar-civarinda-tutundu\/","title":{"rendered":"Alt\u0131n, Fed toplant\u0131s\u0131 \u00f6ncesi y\u00fckselen tahvil faizlerine ra\u011fmen ABD Hazine tahvili geri al\u0131m plan\u0131n\u0131n etkisiyle 4.400 dolar civar\u0131nda tutundu"},"content":{"rendered":"

Alt\u0131n (XAU\/USD) \u00c7ar\u015famba g\u00fcn\u00fc %1\u2019in \u00fczerinde y\u00fckselerek ABD Dolar\u0131\u2019n\u0131n \u00f6nceki kay\u0131plar\u0131n\u0131n bir k\u0131sm\u0131n\u0131 geri almas\u0131na ra\u011fmen 4.400 dolar civar\u0131nda tutundu. Bu hareket, ABD Hazine Bakanl\u0131\u011f\u0131\u2019n\u0131n 10 Eyl\u00fcl\u2019de yap\u0131lacak 10 ve 20 y\u0131ll\u0131k ihaleler i\u00e7in bir tahvil geri al\u0131m\u0131n\u0131 duyurmas\u0131n\u0131n ard\u0131ndan geldi. Alt\u0131n son iki g\u00fcnde 4.340-4.400 dolar band\u0131nda i\u015flem g\u00f6r\u00fcrken Hazine tahvil getirileri y\u00fckseldi; 10 y\u0131ll\u0131k getiri be\u015f baz puan art\u0131\u015fla %4,845\u2019e \u00e7\u0131kt\u0131. Bu durum, ABD enflasyon verileri \u00f6ncesi pozisyonlanma ile birlikte alt\u0131n \u00fczerinde bask\u0131 yaratt\u0131. Hazine, 10-20 y\u0131l vade diliminde dola\u015f\u0131mdaki menkul k\u0131ymetlerden 6 milyar dolara kadar geri al\u0131m yapmay\u0131 planlad\u0131\u011f\u0131n\u0131 a\u00e7\u0131klad\u0131. Bu, Bakan Scott Bessent d\u00f6nemindeki ilk b\u00f6yle operasyon olup, 10 y\u0131ldan 30 y\u0131la uzanan uzun vadeli getirileri s\u0131n\u0131rlamay\u0131 hedefliyor.<\/p>\n

ABD makro verileri de faiz beklentilerini \u015fekillendirdi. ADP \u0130stihdam De\u011fi\u015fimi d\u00f6rt haftal\u0131k ortalamas\u0131, a\u015fa\u011f\u0131 y\u00f6nl\u00fc revize edilen 10 bin seviyesinden 12 bine y\u00fckseldi. Prime Terminal\u2019e g\u00f6re para piyasalar\u0131, 15-16 Eyl\u00fcl toplant\u0131s\u0131nda 25 baz puanl\u0131k faiz art\u0131\u015f\u0131n\u0131 %63 olas\u0131l\u0131kla fiyatlarken, faizin sabit kalma olas\u0131l\u0131\u011f\u0131 %37\u2019de kald\u0131. Grafik taraf\u0131nda alt\u0131n, 4.343 dolardaki 100 g\u00fcnl\u00fck SMA\u2019dan tepki verdi; diren\u00e7 4.425 dolarda. 4.500 dolar\u0131n \u00fczerindeki bir k\u0131r\u0131lma, 4.537 dolardaki 200 g\u00fcnl\u00fck SMA\u2019y\u0131 g\u00fcndeme getirebilir; ard\u0131ndan 4.600, 4.650 ve 25 A\u011fustos zirvesi olan 4.697 dolar izlenebilir. 4.400 dolar\u0131n alt\u0131nda ise destek seviyeleri 4.282, 4.261\u2019deki 50 g\u00fcnl\u00fck SMA ve 4.200 dolar. 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.<\/p>\n

FED Karar\u0131 \u00d6ncesi \u0130\u015flem Stratejileri ve Volatilite<\/h3>\n

15-16 Eyl\u00fcl\u2019deki kritik Federal Rezerv toplant\u0131s\u0131na yakla\u015f\u0131rken, t\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lar\u0131n alt\u0131n (XAU\/USD) cephesinde artan volatiliteye haz\u0131rl\u0131kl\u0131 olmas\u0131n\u0131 \u00f6neriyoruz. Para piyasalar\u0131n\u0131n 25 baz puanl\u0131k faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 %63 olarak fiyatlamas\u0131yla, k\u0131sa vadeli opsiyon stratejileri (\u00f6rne\u011fin straddle) karar sonras\u0131 olas\u0131 sert hareketlerden faydalanmaya yard\u0131mc\u0131 olabilir. Yakla\u015fan ABD enflasyon verileri yak\u0131ndan izlenmeli; herhangi bir s\u00fcrpriz yukar\u0131 y\u00f6nl\u00fc sapma, faiz art\u0131r\u0131m\u0131 beklentilerini g\u00fc\u00e7lendirerek tahvil getirilerini daha da yukar\u0131 itebilir.<\/p>\n

Getiri Kaynakl\u0131 R\u00fczgarlar, Risk Y\u00f6netimi ve Kritik Teknik Seviyeler<\/h3>\n

6 milyar dolara kadar uzun vadeli tahvilleri hedefleyen son Hazine geri al\u0131m program\u0131, y\u00fckselen getirileri s\u0131n\u0131rlamay\u0131 ama\u00e7l\u0131yor; ancak 10 y\u0131ll\u0131k tahvil getirisinin %4,84 civar\u0131nda seyretmesi, faiz getirisi olmayan varl\u0131klar (alt\u0131n gibi) i\u00e7in \u00f6nemli bir bask\u0131 unsuru olmaya devam ediyor. Tarihsel olarak 10 y\u0131ll\u0131k reel getiriler %2\u2019nin \u00fczerine \u00e7\u0131kt\u0131\u011f\u0131nda alt\u0131n fiyatlar\u0131 g\u00fc\u00e7l\u00fc bir a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 ile kar\u015f\u0131la\u015fabiliyor; bu nedenle uzun pozisyonlarda s\u0131k\u0131 zarar-kes seviyeleri kritik. T\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131, alt\u0131n fiyat\u0131 4.425 dolardaki yak\u0131n diren\u00e7 seviyesini ikna edici bi\u00e7imde a\u015fmad\u0131k\u00e7a uzun pozisyonlar\u0131 yaln\u0131zca s\u0131n\u0131rl\u0131 \u015fekilde de\u011ferlendirmeli.<\/p>\n

Alt\u0131n, 4.400 dolardaki kritik psikolojik seviyeyi koruyamazsa, 4.343 dolardaki 100 g\u00fcnl\u00fck Basit Hareketli Ortalama\u2019ya (SMA) do\u011fru h\u0131zl\u0131 bir geri \u00e7ekilme bekliyoruz. Bu deste\u011fin alt\u0131na inilmesi, otomatik sat\u0131\u015f programlar\u0131n\u0131 tetikleyerek 4.282 dolardaki bir sonraki ana destek b\u00f6lgesini g\u00fcndeme ta\u015f\u0131yabilir. Mevcut spot pozisyonlar\u0131, 4.261 dolardaki 50 g\u00fcnl\u00fck SMA\u2019ya do\u011fru olas\u0131 bir d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 hedge etmek i\u00e7in bear put spread stratejisinin kullan\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":"

Alt\u0131nda g\u00f6zler FED\u2019de: XAU\/USD %1 primle 4.400$\u2019da tutundu. Hazine\u2019nin 6 milyar$ tahvil geri al\u0131m\u0131 getirileri s\u0131n\u0131rlasa da %4,85\u2019lik 10Y bask\u0131 yarat\u0131yor; kritik seviyeler 4.425\/4.343.<\/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-53833","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