The conflicts in the Middle East, which started with the attacks of the USA and Israel, are preparing to go towards a global war with Iran’s response.
Iran’s closure of the Strait of Hormuz to traffic also increased oil prices. In the first days of the war, the price of ounce gold reached 5 thousand 393 dollars and gram gold reached 8 thousand liras. The ounce price of gold, which has been declining since the third day of the conflict, dropped to 5 thousand 62 dollars.
Domestically, gram gold fell to 7 thousand 180 liras. The citizen who bought grams of gold on the first day of the war has lost 850 liras so far.
Well, while an increase is expected in the price of gold, which is seen as a “safe haven” during war, 5 reasons for its decline are listed as follows:
