Optimism over US-Iran talks lifts gold prices by more than 1 percent

Optimism that progress will be made in nuclear negotiations between the US and Iran has weakened the dollar in global markets and driven up gold prices. According to Anadolu Agency reporting, gold's ounce price gained more than 1 percent in value due to this development.

The positive atmosphere in the negotiation process has also eased inflation outlooks, directing investors toward gold, which is seen as a safe haven. Asian stock exchanges also began their weekly trading sessions on an upward trend with the same optimism, while crude oil prices experienced declines. Since gold prices in Turkey closely follow global movements, this rise in ounce-based prices is directly affecting domestic gram gold and Turkish lira gold coin prices. Analysts note that if the negotiations result in a concrete agreement, market volatility could increase.