{"id":22478,"date":"2026-02-08T18:06:09","date_gmt":"2026-02-08T18:06:09","guid":{"rendered":"https:\/\/bihavadis.com\/?p=22478"},"modified":"2026-02-08T18:06:09","modified_gmt":"2026-02-08T18:06:09","slug":"gumusun-onsu-ocak-ayindan-bu-yana-yuzde-35-geriledi","status":"publish","type":"post","link":"https:\/\/bihavadis.com\/index.php\/2026\/02\/08\/gumusun-onsu-ocak-ayindan-bu-yana-yuzde-35-geriledi\/","title":{"rendered":"G\u00fcm\u00fc\u015f\u00fcn onsu ocak ay\u0131ndan bu yana y\u00fczde 35 geriledi"},"content":{"rendered":"

G\u00fcm\u00fc\u015f\u00fcn onsu ocak ay\u0131nda 121,7 dolar olan rekor seviyeyi g\u00f6rd\u00fckten sonra yakla\u015f\u0131k y\u00fczde 35 azalarak 79 dolar seviyelerine geriledi.<\/p>\n

Y\u0131l\u0131n ilk ay\u0131 emtia piyasas\u0131 i\u00e7in genel olarak ralli havas\u0131n\u0131n ya\u015fand\u0131\u011f\u0131 bir d\u00f6nem olurken, ocak ay\u0131n\u0131n sonu ve \u015fubat ay\u0131n\u0131n ba\u015flang\u0131c\u0131nda emtia piyasas\u0131nda y\u00f6n aray\u0131\u015flar\u0131 \u00f6ne \u00e7\u0131kt\u0131.<\/p>\n

De\u011ferli metallerde dalgal\u0131 bir seyir g\u00f6r\u00fcl\u00fcrken \u00f6zellikle g\u00fcm\u00fc\u015f fiyatlar\u0131nda sert hareketler g\u00f6r\u00fcld\u00fc.<\/p>\n

G\u00dcM\u00dc\u015e\u00dcN ONSU, 121,7 DOLARLA REKOR KIRMI\u015eTI<\/strong><\/p>\n

G\u00fcm\u00fc\u015f\u00fcn onsu uluslararas\u0131 piyasalarda 29 Ocak’ta 121,7 dolarla rekor k\u0131rm\u0131\u015ft\u0131.<\/p>\n

G\u00dcM\u00dc\u015e\u00dcN ONSU 71,4 DOLARA GER\u0130LED\u0130<\/strong><\/p>\n

Bu seviyeden gelen sat\u0131\u015flarla d\u00fc\u015f\u00fc\u015fe ge\u00e7en ons g\u00fcm\u00fc\u015f, 2 \u015eubat’ta 71,4 dolara kadar geriledi.<\/p>\n

BUG\u00dcN G\u00dcM\u00dc\u015e\u00dcN ONSU 79 DOLAR<\/strong><\/p>\n

Bu seviyelerden tekrar y\u00fckseli\u015fe ge\u00e7en g\u00fcm\u00fc\u015f\u00fcn onsu bug\u00fcn 79 dolar seviyesinden al\u0131c\u0131 buluyor.<\/p>\n

<\/p>\n

Y\u00dcZDE 35’L\u0130K KAYIP<\/strong><\/p>\n

B\u00f6ylece ons g\u00fcm\u00fc\u015f bug\u00fcn itibar\u0131yla zirvesinden y\u00fczde 35 de\u011fer kaybetmi\u015f oldu.<\/p>\n

“G\u00dcM\u00dc\u015eTE YA\u015eANAN D\u00dc\u015e\u00dc\u015e ASLINDA \u00c7OK FAZLA S\u00dcRPR\u0130Z DE\u011e\u0130L”<\/strong><\/p>\n

Vadeli i\u015flem ve emtia piyasalar\u0131 uzman\u0131 Zafer Ergezen, konuya ili\u015fkin yapt\u0131\u011f\u0131 de\u011ferlendirmede, g\u00fcm\u00fc\u015fte ya\u015fanan d\u00fc\u015f\u00fc\u015f\u00fcn fazla s\u00fcrpriz olmad\u0131\u011f\u0131n\u0131 s\u00f6yledi.<\/p>\n

B\u00fct\u00fcn k\u0131ymetli metallerde d\u00fc\u015f\u00fc\u015f ya\u015fand\u0131\u011f\u0131n\u0131 ancak g\u00fcm\u00fc\u015fteki d\u00fc\u015f\u00fc\u015f boyutunun daha y\u00fcksek oldu\u011funa dikkati \u00e7eken Ergezen, g\u00fcm\u00fc\u015fteki volatilitenin bug\u00fcn de y\u00fcksek devam etti\u011fini bildirdi.<\/p>\n

FED BA\u015eKAN ADAYININ A\u00c7IKLANMASI G\u00dcM\u00dc\u015eE DE\u011eER KAYBETT\u0130RD\u0130<\/strong><\/p>\n

Ergezen, g\u00fcm\u00fc\u015f fiyatlar\u0131nda g\u00f6r\u00fclen sert d\u00fc\u015f\u00fc\u015flere ABD Merkez Bankas\u0131 (Fed) ba\u015fkan aday\u0131n\u0131n a\u00e7\u0131klanmas\u0131n\u0131n neden oldu\u011funu vurgulad\u0131.<\/p>\n

<\/p>\n

FA\u0130Z \u0130ND\u0130R\u0130M\u0130NDEN YANA B\u0130R ADAY BEKLENT\u0130S\u0130<\/strong><\/p>\n

ABD Ba\u015fkan\u0131 Donald Trump’\u0131n daha fazla faiz indiriminden yana bir Fed ba\u015fkan\u0131n\u0131 aday\u0131 g\u00f6stermesinin beklendi\u011fini ifade eden Ergezen, \u015funlar\u0131 kaydetti:<\/p>\n

Kevin Warsh, Fed’in bilan\u00e7osunun k\u00fc\u00e7\u00fclmesini, Bankan\u0131n piyasalara daha az m\u00fcdahale etmesini isteyen ama ayn\u0131 zamanda ekonomideki mali ve para politikalar\u0131n\u0131n s\u0131k\u0131 uygulanmas\u0131n\u0131 isteyen bir Fed ba\u015fkan aday\u0131. B\u00f6yle bak\u0131ld\u0131\u011f\u0131 zaman da asl\u0131nda \u015f\u00f6yle bir sonuca ula\u015f\u0131l\u0131yor. Dolar\u0131n de\u011fer kayb\u0131n\u0131n asl\u0131nda beklendi\u011fi kadar y\u00fcksek olmayaca\u011f\u0131, dolar endeksinin \u00e7ok fazla gerilemeyece\u011fi beklentisi. Fed’in ve ABD’nin kredi notunun d\u00fc\u015fmesine neden olan bor\u00e7luluk sorununun bir nebze Kevin Warsh ile \u00e7\u00f6z\u00fclme umudunun ortaya \u00e7\u0131km\u0131\u015f olmas\u0131 asl\u0131nda g\u00fcm\u00fc\u015fte sert sat\u0131\u015flara neden olan en b\u00fcy\u00fck etken. \u00c7\u00fcnk\u00fc k\u0131ymetli metalleri y\u00f6nelim asl\u0131nda ABD’ye duyulan g\u00fcvenin azalmas\u0131 veya dolara duyulan g\u00fcvenin azalmas\u0131 ile do\u011fru orant\u0131l\u0131 olarak g\u00fcvenli liman \u00f6zelli\u011fi ta\u015f\u0131yan de\u011ferli metallere gidiyordu.<\/p>\n

<\/p>\n

VADEL\u0130 P\u0130YASALARDA TEM\u0130NAT ORANLARI DA ARTIRILMASI DA F\u0130YATLARI A\u015eA\u011eI \u00c7EKT\u0130<\/strong><\/p>\n

Ergezen, bununla beraber ayn\u0131 vadeli piyasalarda teminat oranlar\u0131n\u0131n da artt\u0131r\u0131ld\u0131\u011f\u0131n\u0131 an\u0131msatt\u0131. Teminat oranlar\u0131n\u0131n artt\u0131r\u0131lm\u0131\u015f olmas\u0131n\u0131n daha fazla likidite gerektirdi\u011fini ifade eden Ergezen, teminat tamamlama nedeniyle de ya\u015fanan sat\u0131\u015flar\u0131n birbirini tetikledi\u011fini dile getirdi.<\/p>\n

K\u00fcresel piyasalarda bir s\u00fcreden beri g\u00fcvenli limanlara ge\u00e7i\u015f oldu\u011funu hat\u0131rlatan Ergezen, \u015f\u00f6yle devam etti:<\/p>\n

Piyasa asl\u0131nda Trump belirsizli\u011fini fiyatl\u0131yordu. Trump’\u0131n g\u00f6reve ba\u015flad\u0131ktan sonra uygulam\u0131\u015f oldu\u011fu ekonomik ve siyasi politikalar, tarife sava\u015flar\u0131, Venezuela’ya sald\u0131rmas\u0131, sonras\u0131nda Gr\u00f6nland talebi piyasalarda b\u00fcy\u00fck bir endi\u015fe kayna\u011f\u0131 olu\u015fturmu\u015ftu ve burada dolardan ka\u00e7\u0131\u015f\u0131 da beraberinde getirmi\u015fti. Buradan bakt\u0131\u011f\u0131m\u0131z zaman Donald Trump’\u0131n Kevin Warsh’a aday\u0131 g\u00f6stererek asl\u0131nda bir nebze geri ad\u0131m att\u0131\u011f\u0131n\u0131 s\u00f6yleyebiliriz. Trump’\u0131n piyasalarla \u00e7at\u0131\u015fmaktan ziyade gene istedi\u011fine ula\u015fabilece\u011fi ama daha \u0131l\u0131man bir politikada hareket edece\u011fi g\u00f6z\u00fck\u00fcyor. Bu da piyasalar\u0131 yat\u0131\u015ft\u0131ran unsur.<\/p>\n

\u201cJAPONYA’DA TAHV\u0130L FA\u0130ZLER\u0130 Y\u00dcKSEK SEV\u0130YELERDE\u201d<\/strong><\/p>\n

Ergezen, Japonya’da tahvil faizleri y\u00fcksek seviyelerde oldu\u011funu belirterek, “Bu da de-dolarizasyona yol a\u00e7an nedenlerden bir tanesi. Bundan kaynakl\u0131 de\u011ferli metallere bir ge\u00e7i\u015f vard\u0131.”<\/em><\/b> dedi.<\/p>\n","protected":false},"excerpt":{"rendered":"

Vadeli i\u015flem ve emtia piyasalar\u0131 uzman\u0131 Zafer Ergezen, Fed’in ve ABD’nin kredi notunun d\u00fc\u015fmesine neden olan bor\u00e7luluk sorununun bir nebze Kevin Warsh ile \u00e7\u00f6z\u00fclme umudunun ortaya \u00e7\u0131km\u0131\u015f olmas\u0131n\u0131 “g\u00fcm\u00fc\u015fte sert sat\u0131\u015flara neden olan en b\u00fcy\u00fck etken” olarak tan\u0131mlad\u0131.<\/p>\n","protected":false},"author":1,"featured_media":22479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[3946,797,3249,3945,2156],"class_list":["post-22478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-aslinda","tag-dolar","tag-dusus","tag-ergezen","tag-gumus"],"_links":{"self":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/22478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/comments?post=22478"}],"version-history":[{"count":1,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/22478\/revisions"}],"predecessor-version":[{"id":22483,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/22478\/revisions\/22483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media\/22479"}],"wp:attachment":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media?parent=22478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/categories?post=22478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/tags?post=22478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}