From the University Agenda

Iran-Israel tension hit the markets! It is possible to see new peaks in gold prices

While Iran's retaliation against Israel on Saturday evening, April 13th caused an increase in geopolitical uncertainties, it became a matter of curiosity what kind of pricing the markets would enter into. Finance Expert Assoc. Prof. Dr. Hakan Yıldırım stated that new peaks may be formed in gold prices.

Tensions and wars between countries generally cause serious panic in global markets. Especially if the strategic location of the events is in a region that may cause an increase in geopolitical risks, the situation may reach serious levels, causing significant concerns about regional stability and energy supply. Assoc. Prof. Dr. Hakan Yıldırım, Finance Expert from Istanbul Gelisim University (IGU) Faculty of Economics, Administrative and Social Sciences, emphasized that increasing geopolitical risks direct investors to gold, which is expressed as a safe haven.

“The crypto market was instantly affected by the panic atmosphere”
As a result of the onset of tension, the markets where stocks, foreign exchange and commodities were traded were closed, while the crypto asset market, which was traded for seven days, was open. Assoc. Prof. Dr. Hakan Yıldırım, “It is noticeable that crypto asset prices are instantly affected by the panic atmosphere. Especially when the first eight crypto assets are evaluated, crypto assets such as Bitcoin, Ethereum, BNB, Solana, XRP and Dogecoin suffered serious losses, while Tether, whose value is fixed to the US Dollar, moved in a limited rise."

“It is possible to see new surges”

When the commodity market is evaluated, gold and oil prices attract attention. Assoc. Prof. Dr. Hakan Yıldırım stated that before the start of the tension between Iran and Israel, ounce gold prices were reaching historical peaks every day, but international financial institutions gave the impression that the upward trend in gold prices would continue. The continuation of tension between Iran and Israel, the increase in the possibility of war or the possibility of war may create new peaks in gold prices.

“A surge can be seen in oil prices”

Assoc. Prof. Dr. Hakan Yıldırım: “Especially if the possibility of war increases or if a war occurs, it may pose a threat to the security of oil supply in the region. This situation may create great concern in the markets. If there is a threat to the regions where oil production or transportation takes place, there may be a surge in oil prices."