Gold, silver, platinum and palladium spent the last 2 months with losses

With the start of the US/Israel-Iran War, sharp fluctuations were seen in the commodity market this year. All commodities, especially precious metals, were affected by these fluctuations.

An ounce of gold, which started this year at $4,313, broke a record by testing $5,600 in January. This rise of ounce gold, which completed January at 4 thousand 849 dollars with a 12.4 percent gain in value, continued in February.

An ounce of gold gained 8.5 percent in value in February. The ounce of gold, which started to lose value due to the developments between the USA and Iran, completed March with a decrease of 11.32 percent. This decline in March was recorded as the steepest monthly decline since the 2008 crisis.

The ounce of gold, which also declined in the following months, caused its investors to lose 7.1 percent in the first half of the year. The ounce of gold, which started the second half of the year with reaction purchases, gained 1 percent in value in July and 10 percent in August.

As the uncertainties in the Middle East continued, the ounce of gold, which decreased by 6.6 percent to 4 thousand 157 dollars in September, completed October with a decrease of 6.8 percent to 3 thousand 876 dollars. Thus, an ounce of gold fell below 4 thousand dollars for the first time since July.

Silver, which started the year at $71, broke a record by rising to $121.7 per ounce in January. The ounce of silver, which gained 17.3 percent in value in January, continued its rise in February. Completing February with a 12.6 percent increase at 93.8 dollars, ounce silver fell sharply in March due to the impact of the war in the Middle East. The ounce of silver ended March with a 19.9 percent decrease and April with a 1.9 percent decrease.

The ounce of silver, which recovered slightly in May with reactionary buying, ended this month with a 2.2 percent increase. Silver, which completed June at 58.7 dollars with a 22 percent decrease, completed the first half of the year with a 17.3 percent loss.

The ounce of silver completed July with a 1.7 percent decrease at 57.7 dollars, August with a 13.5 percent increase at 65.5 dollars, and September with a 7.6 percent decrease at 60.5 dollars.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)