Gold rises for first time in five months

Gold rose on Friday as investors sought safe-haven assets following renewed US-Iran tensions and the Federal Reserve's decision to keep policy rates unchanged, officials said. Reaction pending.

In Turkey, gram and çeyrek gold drew extra attention from retail buyers; data showed local bullion prices moved higher during the day's trading session.

US-Iran tension and Fed hold

Geopolitical friction can lift gold by pushing flows out of risk assets and into bullion; officials said traders priced a higher premium for safety after the latest developments. At the same time, the Fed's hold on rates reduced near-term pressure on the dollar and real yields, a combination that typically supports non-yielding assets such as gold.

Physical demand patterns matter for local markets: Data showed Turkish domestic interest in small-piece gold remained a driver of short-term price moves for gram and çeyrek units, even as global futures reflect broader macro forces.

Traders will watch price action and geopolitical headlines through Aug 7, 2026, for signs of escalation or easing; any sustained rise in risk-off flows or a shift in US inflation data during that window would likely determine whether gold's move extends beyond a short-lived safe-haven rally.