{"id":34281,"date":"2026-02-15T01:57:05","date_gmt":"2026-02-15T01:57:05","guid":{"rendered":"https:\/\/bihavadis.com\/?p=34281"},"modified":"2026-02-15T01:57:05","modified_gmt":"2026-02-15T01:57:05","slug":"degerli-metal-fiyatlari-sert-dustu","status":"publish","type":"post","link":"https:\/\/bihavadis.com\/index.php\/2026\/02\/15\/degerli-metal-fiyatlari-sert-dustu\/","title":{"rendered":"De\u011ferli Metal Fiyatlar\u0131 Sert D\u00fc\u015ft\u00fc"},"content":{"rendered":"

Yat\u0131r\u0131mc\u0131lar\u0131n “g\u00fcvenli liman” aray\u0131\u015f\u0131yla Ocak’ta rekor k\u0131ran de\u011ferli metal fiyatlar\u0131 30 Ocak’ta ya\u015fad\u0131\u011f\u0131 sert d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan bu haftaya da a\u015fa\u011f\u0131 y\u00f6nl\u00fc ba\u015flad\u0131.<\/strong><\/p>\n

Alt\u0131n ve g\u00fcm\u00fc\u015f fiyatlar\u0131, de\u011ferli metalleri rekor seviyelere ta\u015f\u0131yan rallinin dramatik bir \u015fekilde tersine d\u00f6nmesinin ard\u0131ndan d\u00fc\u015fmeye devam etti.<\/p>\n

2 \u015eubat’ta g\u00fcn\u00fc Asya piyasalar\u0131nda spot alt\u0131n fiyatlar\u0131 %9’dan fazla d\u00fc\u015f\u00fc\u015fle ons ba\u015f\u0131na 4.403 dolara gerilerken, g\u00fcm\u00fc\u015f %15 d\u00fc\u015f\u00fc\u015fle ons ba\u015f\u0131na 72 dolar\u0131n alt\u0131na indi.<\/p>\n

Piyasalar ABD Merkez Bankas\u0131’n\u0131n (Fed) ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 konusunda da endi\u015feliydi. <\/p>\n

Ancak ABD Ba\u015fkan\u0131 Donald Trump’\u0131n eski bir Fed y\u00f6neticisi olan Kevin Warsh’\u0131 yeni ba\u015fkan olarak aday g\u00f6stermesinin ard\u0131ndan Cuma g\u00fcn\u00fc metal fiyatlar\u0131 d\u00fc\u015ft\u00fc. <\/p>\n

Hafta sonu ABD-\u0130ran geriliminin azalma belirtileri g\u00f6stermesi de 2 \u015eubat’taki d\u00fc\u015f\u00fc\u015f\u00fc etkiledi.<\/p>\n

Warsh’\u0131n adayl\u0131\u011f\u0131 genel olarak finans piyasalar\u0131 taraf\u0131ndan memnuniyetle kar\u015f\u0131land\u0131 ve dolar 30 Ocak’ta bir dizi para birimi kar\u015f\u0131s\u0131nda %1 oran\u0131nda y\u00fckseldi.<\/p>\n

Ayn\u0131 g\u00fcn g\u00fcm\u00fc\u015f %27 de\u011fer kaybederken alt\u0131n\u0131n d\u00fc\u015f\u00fc\u015f\u00fc ise 1983’ten bu yana en sert g\u00fcnl\u00fck d\u00fc\u015f\u00fc\u015f olarak tarihe ge\u00e7ti.<\/p>\n

Neden bu kadar sert d\u00fc\u015ft\u00fc?<\/b><\/p>\n

\u0130svi\u00e7reli finans \u015firketi Swissquote’un k\u0131demli analisti \u0130pek \u00d6zkarde\u015fkaya, ABD’nin \u0130ran’la geriliminin hafta sonu bir miktar azalmas\u0131 ve Fed ba\u015fkanl\u0131\u011f\u0131na Warsh’\u0131n aday g\u00f6sterilmesinin d\u00fc\u015f\u00fc\u015f\u00fc tetikleyen nedenler olsalar da bu d\u00fc\u015f\u00fc\u015f\u00fcn b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc a\u00e7\u0131klamaya yetmedi\u011fini s\u00f6yl\u00fcyor.<\/p>\n

BBC T\u00fcrk\u00e7e<\/strong>‘nin sorular\u0131n\u0131 yan\u0131tlayan \u00d6zkarde\u015fkaya “Jeopolitik veya ticaret a\u00e7\u0131s\u0131ndan riskler bitmi\u015f de\u011fil, sadece birazc\u0131k azald\u0131. Ama bu hafifleme ile piyasada g\u00f6rd\u00fc\u011f\u00fcm\u00fcz d\u00fc\u015f\u00fc\u015f\u00fcn sertli\u011fi aras\u0131nda b\u00fcy\u00fck bir u\u00e7urum var” diyor.<\/p>\n

Son d\u00f6nemde alt\u0131n ve g\u00fcm\u00fc\u015f \u00fczerinde \u00e7ok spek\u00fclasyon oldu\u011funu s\u00f6yleyen \u00d6zkarde\u015fkaya, \u00e7ok say\u0131da kald\u0131ra\u00e7l\u0131 i\u015flem yap\u0131ld\u0131\u011f\u0131n\u0131 ve d\u00fc\u015f\u00fc\u015f\u00fcn beklenenden sert olmas\u0131nda bu i\u015flemlerin etkisinin oldu\u011funu s\u00f6yl\u00fcyor.<\/p>\n

Peki fiyatlar\u0131n bundan sonraki y\u00f6n\u00fc ne olabilir?<\/p>\n

\u00d6zkarde\u015fkaya, fiyatlardaki d\u00fc\u015f\u00fc\u015fle birlikte spek\u00fclatif i\u015flemlerin azalaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcnde.<\/p>\n

“Buradan itibaren temellere geri d\u00f6n\u00fclecek” diyen \u00d6zkarde\u015fkaya, G-7 \u00fclkelerinin s\u00fcrd\u00fcr\u00fclmesi zorla\u015fan bor\u00e7 seviyeleri ve ABD dolar\u0131yla di\u011fer b\u00fcy\u00fck para birimlerinden \u00e7\u0131k\u0131\u015f gibi temel fakt\u00f6rlerin alt\u0131n ve g\u00fcm\u00fc\u015fe talebi desteklemeye devam edece\u011fini s\u00f6yl\u00fcyor:<\/p>\n

“Temel g\u00f6r\u00fcn\u00fcmde hi\u00e7bir de\u011fi\u015fiklik olmad\u0131. Genel g\u00f6r\u00fcn\u00fcm, makroekonomik nedenler, ticaret riskleri gibi g\u00f6stergeler neredeyse ge\u00e7en haftaki g\u00f6r\u00fcn\u00fcmle hemen hemen ayn\u0131.<\/p>\n

“O y\u00fczden biz bu temizleme bittikten sonra yat\u0131r\u0131mc\u0131lar\u0131n alt\u0131n g\u00fcm\u00fc\u015f ve di\u011fer metallere d\u00f6nmeye devam edece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. Bu da al\u0131m f\u0131rsatlar\u0131 do\u011furacakt\u0131r.”<\/p>\n

Alt\u0131nla birikim yapanlar nas\u0131l etkilenebilir?<\/b><\/p>\n

T\u00fcrkiye’de alt\u0131n pek \u00e7ok ki\u015fi i\u00e7in ayn\u0131 zamanda bir birikim arac\u0131.<\/p>\n

Bu \u015fekilde birikim yapanlar ve k\u00fc\u00e7\u00fck yat\u0131r\u0131mc\u0131lar bu s\u00fcre\u00e7ten nas\u0131l etkilenebilir?<\/p>\n

\u0130pek \u00d6zkarde\u015fkaya, “K\u00fc\u00e7\u00fck yat\u0131r\u0131mc\u0131lar\u0131n \u00e7ok fazla etkilenmeyece\u011fini d\u00fc\u015f\u00fcn\u00fcyorum” diyor ve ekliyor:<\/p>\n

“Birikim amac\u0131yla al\u0131nan alt\u0131nlar\u0131n bir\u00e7o\u011fu fiziksel alt\u0131n ve bu t\u00fcr k\u0131sa vadeli hareketlerden \u00e7ok etkilenece\u011fini d\u00fc\u015f\u00fcnm\u00fcyorum.<\/p>\n

“\u00d6zellikle T\u00fcrkiye gibi \u00fclkelerde alt\u0131n g\u00fcvenilebilir bir de\u011fer koruma amac\u0131.<\/p>\n

“T\u00fcrkiye’de d\u00f6vize ve alt\u0131na yat\u0131r\u0131m yapmak \u00e7ok \u00f6nemli. Son y\u0131llarda geli\u015fmekte olan \u00fclkelerde bitcoinin buna bir alternatif olup olamayaca\u011f\u0131 tart\u0131\u015f\u0131ld\u0131 ama bug\u00fcn g\u00f6r\u00fcyoruz ki alt\u0131n h\u00e2l\u00e2 alt\u0131n.”<\/p>\n

G\u00fcm\u00fc\u015f ve petrol fiyatlar\u0131nda d\u00fc\u015f\u00fc\u015f <\/b><\/p>\n

Reuters’a g\u00f6re g\u00fcm\u00fc\u015fteki d\u00fc\u015f\u00fc\u015f\u00fcn alt\u0131na k\u0131yasla daha fazla olmas\u0131nda, \u00c7in’den gelen sat\u0131\u015flar\u0131n b\u00fcy\u00fck etkisi oldu.<\/p>\n

2 \u015eubat’ta emtialar aras\u0131nda devam eden sat\u0131\u015flar\u0131n yan\u0131 s\u0131ra, Asya hisse senetleri de d\u00fc\u015ft\u00fc ve G\u00fcney Kore’nin g\u00f6sterge de\u011feri Kospi %5’ten fazla d\u00fc\u015ferek kay\u0131plara \u00f6nc\u00fcl\u00fck etti.<\/p>\n

B\u00f6lgenin di\u011fer yerlerinde, Hong Kong’daki Hang Seng %3 d\u00fc\u015ferken, Japonya’daki Nikkei 225 %1’den fazla de\u011fer kaybetti.<\/p>\n

Avrupa’da, \u0130ngiltere’nin FTSE 100 endeksinde d\u00fc\u015f\u00fc\u015f a\u00e7\u0131l\u0131\u015fta %0,4 ile s\u0131n\u0131rl\u0131yd\u0131 ancak madencilik \u015firketleri keskin d\u00fc\u015f\u00fc\u015fler ya\u015fad\u0131.<\/p>\n

K\u00fcresel enerji piyasalar\u0131nda ham petrol fiyat\u0131 %5’ten fazla d\u00fc\u015ft\u00fc. <\/p>\n

Bu durum, b\u00fcy\u00fck petrol \u00fcreticilerinin \u00fcretimlerini sabitlemeyi kabul etmeleri ve ABD ile \u0130ran aras\u0131ndaki gerilimin azald\u0131\u011f\u0131na dair i\u015faretler gibi bir dizi fakt\u00f6re ba\u011flan\u0131yor.<\/p>\n

De\u011ferli metaller 2025’in ilk ay\u0131nda rekor \u00fcst\u00fcne rekor k\u0131rd\u0131 ve alt\u0131n 1979 y\u0131l\u0131ndan bu yana en b\u00fcy\u00fck y\u0131ll\u0131k art\u0131\u015f\u0131n\u0131 ger\u00e7ekle\u015ftirdi.<\/p>\n

Trump’\u0131n g\u00fcmr\u00fck vergileri ve yapay zeka ile ilgili hisse senetlerinin a\u015f\u0131r\u0131 fiyatland\u0131r\u0131ld\u0131\u011f\u0131 korkusu gibi endi\u015feler finans piyasalar\u0131n\u0131 \u00fcrk\u00fct\u00fcrken, alt\u0131n ve g\u00fcm\u00fc\u015f defalarca yeni rekor seviyelere ula\u015ft\u0131.<\/p>\n

Alt\u0131n bu y\u0131l\u0131n Ocak ay\u0131 sonunda 5.500 dolar\u0131n \u00fczerine \u00e7\u0131karken, g\u00fcm\u00fc\u015f de 120 dolar\u0131n \u00fczerine \u00e7\u0131karak t\u00fcm zamanlar\u0131n en y\u00fcksek seviyesine ula\u015ft\u0131.<\/p>\n

Wall Street analistleri Fed’in 2026 y\u0131l\u0131nda en az iki kez faiz indirimine gitmesini bekliyor.<\/p>\n

Alt\u0131n, faiz oranlar\u0131 d\u00fc\u015f\u00fck oldu\u011funda daha cazip bir yat\u0131r\u0131m olarak g\u00f6r\u00fclme e\u011filiminde.<\/p>\n

Alt\u0131n\u0131n en b\u00fcy\u00fck cazibelerinden biri de g\u00f6rece az bulunmas\u0131.<\/p>\n

D\u00fcnya Alt\u0131n Konseyi ticaret birli\u011fine g\u00f6re bug\u00fcne kadar sadece 216.265 ton civar\u0131nda metal \u00e7\u0131kar\u0131ld\u0131.<\/p>\n

Merkez bankalar\u0131n\u0131n alt\u0131n al\u0131m\u0131<\/b><\/p>\n

Alt\u0131n\u0131n son d\u00f6nemdeki y\u00fckseli\u015fi birka\u00e7 y\u0131l \u00f6nce merkez bankalar\u0131n\u0131n daha fazla k\u00fcl\u00e7e alt\u0131n almaya ba\u015flamas\u0131yla ba\u015flad\u0131, ancak ge\u00e7ti\u011fimiz y\u0131l ABD’nin yeni g\u00fcmr\u00fck vergileri gibi jeopolitik olaylar\u0131n neden oldu\u011fu belirsizlik alt\u0131n\u0131n cazibesini art\u0131rd\u0131.<\/p>\n

Ekonomik endi\u015feler alt\u0131n\u0131n de\u011ferini y\u00fckseltmeye yard\u0131mc\u0131 olabilirken, bu endi\u015feler azald\u0131\u011f\u0131nda veya yat\u0131r\u0131mc\u0131lar kazan\u00e7lar\u0131n abart\u0131ld\u0131\u011f\u0131n\u0131 hissetti\u011finde fiyatlar kolayca d\u00fc\u015febilir.<\/p>\n

Bank Julius Baer Asya Ara\u015ft\u0131rma M\u00fcd\u00fcr\u00fc Mark Matthews, Reuters’a yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, son birka\u00e7 g\u00fcndeki keskin d\u00fc\u015f\u00fc\u015flerin olas\u0131 a\u00e7\u0131klamalar\u0131ndan birinin “de\u011ferli metal fiyatlar\u0131n\u0131n bir \u00f6nceki hafta zaten parabolik hale geldi\u011fi i\u00e7in \u00e7\u00f6kmesi” oldu\u011funu s\u00f6yledi:<\/p>\n

“K\u00e2r sat\u0131\u015flar\u0131 ba\u015flad\u0131ktan sonra, d\u00fc\u015f\u00fc\u015f kartopu gibi b\u00fcy\u00fcd\u00fc.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Alt\u0131n ve g\u00fcm\u00fc\u015f fiyatlar\u0131, spek\u00fclasyonlar ve piyasa kayg\u0131lar\u0131 nedeniyle b\u00fcy\u00fck bir d\u00fc\u015f\u00fc\u015f ya\u015fad\u0131.<\/p>\n","protected":false},"author":1,"featured_media":34282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[272,387,3249,1343,2156],"class_list":["post-34281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-abd","tag-altin","tag-dusus","tag-fiyatlari","tag-gumus"],"_links":{"self":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/34281","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=34281"}],"version-history":[{"count":1,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/34281\/revisions"}],"predecessor-version":[{"id":34283,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/34281\/revisions\/34283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media\/34282"}],"wp:attachment":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media?parent=34281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/categories?post=34281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/tags?post=34281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}