The year 2024 is behind us… In terms of markets in 2024, geopolitical risks have acted volatically due to the impact of the decisions of the Central Banks. In Turkish markets, confidence in TL assets increased with the disinflation process and the government’s support of the process. This year, TL assets gained the most!
As the CBRT kept the policy rate at a real level (above inflation) and increased confidence in TL, deposit returns increased by 51.96 percent.
The dollar rose 19.89 percent. Euro rose by 12.25 percent.
BIST 100 Index increased by 32.39 percent.
OUNCE OF GOLD INCREASED BY 26 PERCENT
Gram gold closes 2024 with a 51.02 percent increase. Gram gold, which started 2024 at 1,960 TL, will close at 2,960 TL. The increase under ONS was 26 percent.
Reasons such as geopolitical risks, interest rate cuts by Central Banks and preparation of the markets for the Donald Trump era enabled gold to show its best performance since 2010.
