{"id":183644,"date":"2025-11-21T12:30:40","date_gmt":"2025-11-21T09:30:40","guid":{"rendered":"https:\/\/coinmuhendisi.com\/blog\/?p=183644"},"modified":"2025-11-21T11:13:30","modified_gmt":"2025-11-21T08:13:30","slug":"altin-dususte-abd-verileri-faiz-indirimi-ihtimalini-dusurdu","status":"publish","type":"post","link":"https:\/\/coinmuhendisi.com\/blog\/altin-dususte-abd-verileri-faiz-indirimi-ihtimalini-dusurdu\/","title":{"rendered":"Alt\u0131n D\u00fc\u015f\u00fc\u015fte: ABD Verileri Faiz \u0130ndirimi \u0130htimalini D\u00fc\u015f\u00fcrd\u00fc!"},"content":{"rendered":"

Alt\u0131n<\/strong><\/a> fiyatlar\u0131 haftan\u0131n son i\u015flem g\u00fcn\u00fcnde gerileyerek haftal\u0131k kayba do\u011fru ilerledi. ABD\u2019den gelen beklentilerin \u00fczerindeki istihdam verisi, Aral\u0131k ay\u0131nda faiz indirimi<\/strong><\/a> ihtimalinin zay\u0131flad\u0131\u011f\u0131na i\u015faret ederken, de\u011ferli metal \u00fczerindeki bask\u0131y\u0131 belirgin \u015fekilde art\u0131rd\u0131.<\/p>\n

ABD \u0130stihdam Raporu Beklentileri A\u015ft\u0131<\/h2>\n

Federal h\u00fck\u00fcmetin kapanmas\u0131 nedeniyle ertelenen ABD \u00c7al\u0131\u015fma Bakanl\u0131\u011f\u0131 verilerine g\u00f6re, Eyl\u00fcl ay\u0131nda tar\u0131m d\u0131\u015f\u0131 istihdam 119.000 ki\u015fi artt\u0131. Piyasa beklentisi 50.000 seviyesindeyken gelen bu g\u00fc\u00e7l\u00fc veri, Fed\u2019in gev\u015feme politikas\u0131na ge\u00e7i\u015fi \u00f6teleyebilece\u011fi ihtimalini yeniden g\u00fcndeme ta\u015f\u0131d\u0131. Ekonomideki bu diren\u00e7li g\u00f6r\u00fcn\u00fcm, alt\u0131n i\u00e7in genellikle olumsuz bir tablo yarat\u0131yor \u00e7\u00fcnk\u00fc faiz indirimlerinin gecikmesi, de\u011ferli metalin cazibesini azalt\u0131yor.<\/p>\n

Spot Alt\u0131n Haftal\u0131k Kayba Yakla\u015f\u0131yor<\/h2>\n

Spot alt\u0131n, Cuma g\u00fcn\u00fc %1,12 de\u011fer kaybederek 4.031,58 dolar\/ons seviyesine geriledi. B\u00f6ylece alt\u0131n fiyatlar\u0131, haftan\u0131n sonuna yakla\u015f\u0131rken d\u00fc\u015f\u00fc\u015f e\u011filimini s\u00fcrd\u00fcr\u00fcyor. K\u00fcresel piyasalarda risk i\u015ftah\u0131n\u0131n karma\u015f\u0131k seyretti\u011fi bir d\u00f6nemde, de\u011ferli metalin yukar\u0131 y\u00f6nl\u00fc ivme yakalamas\u0131 zorla\u015f\u0131yor.<\/p>\n

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XAU\/USD 4 saatlik grafik<\/figcaption><\/figure>\n

Dolar Endeksindeki G\u00fc\u00e7lenme Alt\u0131n Bask\u0131s\u0131n\u0131 Art\u0131r\u0131yor<\/h2>\n

Dolar endeksi (DXY), haftay\u0131 son bir ay\u0131n en g\u00fc\u00e7l\u00fc seviyesiyle kapamaya haz\u0131rlan\u0131yor. Dolar\u0131n y\u00fckselmesi, alt\u0131n\u0131 di\u011fer para birimlerini kullanan yat\u0131r\u0131mc\u0131lar i\u00e7in daha pahal\u0131 hale getiriyor ve talebi azalt\u0131yor. Piyasalarda, Fed\u2019in Aral\u0131k ay\u0131nda faiz indirme ihtimali %39 seviyesinde fiyatlan\u0131yor. Getiri sunmayan alt\u0131n, genellikle d\u00fc\u015f\u00fck faiz ortamlar\u0131nda daha iyi performans sergiledi\u011finden, bu beklentinin zay\u0131flamas\u0131 fiyatlara olumsuz yans\u0131yor.<\/p>\n

Fed\u2019den Temkinli Mesajlar<\/h2>\n

Chicago Fed Ba\u015fkan\u0131 Austan Goolsbee, Per\u015fembe g\u00fcn\u00fc yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, faiz indirimlerinin \u00f6ne \u00e7ekilmesine y\u00f6nelik beklentilerin kendilerini rahats\u0131z etti\u011fini s\u00f6yledi. Enflasyonun %2 hedefine ilerleyi\u015finin durdu\u011funu ve hatta geri d\u00f6nmeye ba\u015flad\u0131\u011f\u0131n\u0131 belirten Goolsbee, para politikas\u0131nda ihtiyatl\u0131 duru\u015fun devam edece\u011fini vurgulad\u0131.<\/p>\n

Asya\u2019da Fiziki Talep Zay\u0131f Seyrediyor<\/h2>\n

Faiz politikas\u0131na y\u00f6nelik belirsizlik, Asya piyasalar\u0131nda fiziki alt\u0131n talebini de bask\u0131lad\u0131. B\u00f6lgedeki b\u00fcy\u00fck pazarlarda bu hafta al\u0131mlar\u0131n olduk\u00e7a zay\u0131f seyretti\u011fi bildiriliyor. T\u00fcketici talebindeki bu durgunluk, k\u00fcresel alt\u0131n fiyatlar\u0131ndaki a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131y\u0131 destekleyen unsurlardan biri olarak \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n

Faiz \u0130ndirimi Beklentileri Zay\u0131fl\u0131yor<\/h2>\n

Piyasalarda Fed\u2019in Aral\u0131k toplant\u0131s\u0131na ili\u015fkin fiyatlamalar, faiz indirimi ihtimalinin belirgin \u015fekilde azald\u0131\u011f\u0131n\u0131 g\u00f6steriyor. G\u00fcncel vadeli i\u015flem verilerine g\u00f6re:<\/p>\n

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    0,25 puan faiz indirimi ihtimali (350\u2013375 bp): %35,1<\/p>\n<\/li>\n

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    Faizin sabit kalma ihtimali (375\u2013400 bp): %64,9<\/p>\n<\/li>\n<\/ul>\n

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    Bu da\u011f\u0131l\u0131m, piyasan\u0131n a\u011f\u0131rl\u0131kl\u0131 olarak Fed\u2019in mevcut s\u0131k\u0131 duru\u015funu koruyaca\u011f\u0131na inand\u0131\u011f\u0131n\u0131 ortaya koyuyor. Faiz indirim ihtimalindeki bu zay\u0131flama, alt\u0131n fiyatlar\u0131n\u0131n k\u0131sa vadede toparlanmas\u0131n\u0131 zorla\u015ft\u0131ran temel fakt\u00f6rlerden biri olarak \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n

    Alt\u0131n Nedir? Nas\u0131l Al\u0131n\u0131r?<\/a><\/p><\/blockquote>\n