{"id":192058,"date":"2026-01-16T10:30:53","date_gmt":"2026-01-16T07:30:53","guid":{"rendered":"https:\/\/coinmuhendisi.com\/blog\/?p=192058"},"modified":"2026-01-16T10:00:29","modified_gmt":"2026-01-16T07:00:29","slug":"altin-ve-gumuste-dusus-devam-edecek-mi","status":"publish","type":"post","link":"https:\/\/coinmuhendisi.com\/blog\/altin-ve-gumuste-dusus-devam-edecek-mi\/","title":{"rendered":"Alt\u0131n ve G\u00fcm\u00fc\u015f’te D\u00fc\u015f\u00fc\u015f Devam Edecek Mi?"},"content":{"rendered":"

K\u00fcresel piyasalarda son g\u00fcnlerde a\u00e7\u0131klanan ABD makroekonomik verileri, dolar\u0131n g\u00fc\u00e7 kazanmas\u0131na neden olurken de\u011ferli metaller cephesinde k\u0131sa vadeli bir geri \u00e7ekilmeyi beraberinde getirdi. \u00d6zellikle ABD Merkez Bankas\u0131\u2019n\u0131n (Fed<\/strong><\/a>) yak\u0131n d\u00f6nemde faiz indirimi yapaca\u011f\u0131na y\u00f6nelik beklentilerin zay\u0131flamas\u0131, alt\u0131n fiyatlar\u0131 \u00fczerinde bask\u0131 olu\u015fturan ana unsurlar aras\u0131nda yer ald\u0131.<\/p>\n

Alt\u0131n Rekor Seviyelerin Ard\u0131ndan Geri \u00c7ekildi<\/h3>\n

Spot alt\u0131n<\/strong> fiyat\u0131, haftan\u0131n son i\u015flem g\u00fcn\u00fcnde yakla\u015f\u0131k %0,4 oran\u0131nda d\u00fc\u015f\u00fc\u015fle ons ba\u015f\u0131na 4.595 dolar seviyelerine geriledi. Her ne kadar bu geri \u00e7ekilme dikkat \u00e7ekici olsa da, alt\u0131n hafta i\u00e7inde g\u00f6rd\u00fc\u011f\u00fc 4.642 dolar seviyesindeki tarihi zirvenin ard\u0131ndan haftal\u0131k bazda yakla\u015f\u0131k %2\u2019lik bir y\u00fckseli\u015fi korumay\u0131 ba\u015fard\u0131. Vadeli i\u015flemler taraf\u0131nda ise \u015eubat vadeli ABD alt\u0131n kontratlar\u0131 %0,5 d\u00fc\u015f\u00fc\u015fle 4.601 dolar civar\u0131nda i\u015flem g\u00f6rd\u00fc.<\/p>\n

\"\"<\/p>\n

Fed Politikalar\u0131na Y\u00f6nelik Beklentiler De\u011fi\u015fiyor<\/h3>\n

Piyasa oyuncular\u0131 a\u00e7\u0131s\u0131ndan alt\u0131ndaki bu geri \u00e7ekilmenin temel nedenlerinden biri, Fed\u2019in faiz indirimleri konusunda aceleci davranmayaca\u011f\u0131 y\u00f6n\u00fcndeki alg\u0131n\u0131n g\u00fc\u00e7lenmesi oldu. ABD\u2019den gelen g\u00fc\u00e7l\u00fc veriler, mevcut faiz seviyelerinin bir s\u00fcre daha korunabilece\u011fine i\u015faret ederken, bu durum faiz getirisi olmayan alt\u0131n i\u00e7in k\u0131sa vadeli bask\u0131 unsuru olu\u015fturdu.<\/p>\n

G\u00fc\u00e7l\u00fc \u0130stihdam Verileri Dolar\u0131 \u00d6ne \u00c7\u0131kard\u0131<\/h3>\n

ABD \u00c7al\u0131\u015fma Bakanl\u0131\u011f\u0131 taraf\u0131ndan a\u00e7\u0131klanan haftal\u0131k i\u015fsizlik ba\u015fvurular\u0131 198 bin seviyesine gerileyerek piyasa beklentilerinin belirgin \u015fekilde alt\u0131nda kald\u0131. Bu geli\u015fme, dolar endeksini desteklerken dolar\u0131n \u00fcst \u00fcste \u00fc\u00e7\u00fcnc\u00fc haftal\u0131k kazanc\u0131na haz\u0131rlanmas\u0131na katk\u0131 sa\u011flad\u0131. Dolar\u0131n g\u00fc\u00e7lenmesi, dolar bazl\u0131 fiyatlanan alt\u0131n ve di\u011fer de\u011ferli metallerin yabanc\u0131 yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan daha maliyetli hale gelmesine neden oldu.<\/p>\n

Jeopolitik Risklerde G\u00f6rece Rahatlama<\/h3>\n

Jeopolitik cephede tansiyonun bir miktar d\u00fc\u015fmesi de g\u00fcvenli liman talebini s\u0131n\u0131rlayan bir di\u011fer unsur olarak \u00f6ne \u00e7\u0131kt\u0131. Orta Do\u011fu\u2019daki geli\u015fmelerde risk alg\u0131s\u0131n\u0131n azalmas\u0131 ve ABD y\u00f6netiminden gelen daha \u0131l\u0131ml\u0131 mesajlar, yat\u0131r\u0131mc\u0131lar\u0131n riskli varl\u0131klara y\u00f6nelmesine zemin haz\u0131rlad\u0131.<\/p>\n

ETF Talebi ve Di\u011fer Metallerde Son Durum<\/h3>\n

Alt\u0131n destekli ETF\u2019lere olan ilgi g\u00fc\u00e7l\u00fc seyrini s\u00fcrd\u00fcr\u00fcrken, SPDR Gold Trust\u2019\u0131n alt\u0131n varl\u0131klar\u0131 1.074 tonun \u00fczerine \u00e7\u0131karak son y\u0131llar\u0131n en y\u00fcksek seviyelerine ula\u015ft\u0131. G\u00fcm\u00fc\u015f fiyatlar\u0131 ise tarihi zirvelerin ard\u0131ndan geri \u00e7ekilse de haftal\u0131k bazda \u00e7ift haneli y\u00fckseli\u015fini korudu.<\/p>\n

\"\"<\/p>\n

Platin ve paladyum taraf\u0131nda ise sat\u0131\u015f bask\u0131s\u0131n\u0131n daha belirgin oldu\u011fu g\u00f6r\u00fcl\u00fcyor.<\/p>\n

Genel tabloya bak\u0131ld\u0131\u011f\u0131nda, g\u00fc\u00e7l\u00fc ABD verileri ve azalan jeopolitik riskler dolar lehine bir g\u00f6r\u00fcn\u00fcm olu\u015ftururken, de\u011ferli metallerde k\u0131sa vadeli d\u00fczeltmelerin \u00f6n plana \u00e7\u0131kt\u0131\u011f\u0131 bir piyasa yap\u0131s\u0131 dikkat \u00e7ekiyor.<\/p>\n

*Bu i\u00e7erik kesinlikle yat\u0131r\u0131m tavsiyesi niteli\u011fi ta\u015f\u0131mamaktad\u0131r.<\/p>\n

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