Gold prices started the new week with a depreciation in global markets. The strengthening of the dollar and the rise in energy prices put pressure on the precious metal. Investors, on the other hand, closely follow the developments in the Middle East and the economic data from the USA. While the ounce price of spot gold in international markets decreased to 4,527 dollars, a decrease was also recorded in US gold futures contracts.
Although the demand for a safe haven continued in the markets, the rise of the dollar limited the upward movement of gold prices. 1 June 2026 Current Gold Prices Gold Type Buying (TL) Selling (TL) Gram Gold 6.679,36 6.680,30 Quarter Gold 10.893,00 11.103,00 Half Gold 21.786,00 22.185,00 Full Gold 43.459,00 44.262,00 Republic Gold 44.504,00 45.176,00 The Movement in Dollar and Oil Prices Affected Gold. The rise of the dollar index in the markets caused gold to become more costly than other currencies.
The rise in oil prices in the same period also kept global inflation expectations on the agenda. While ongoing geopolitical developments in the Middle East cause fluctuations in energy markets, investors are watching new statements from the region. All Eyes on US Economic Data Market participants are focused on US employment and inflation data to be released this week. These data are expected to have an impact on expectations regarding the monetary policy of the US Federal Reserve.
Analysts state that the global economic outlook and geopolitical developments will continue to be decisive on the direction of gold prices in the short term.
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