{"id":3185,"date":"2026-06-22T06:03:22","date_gmt":"2026-06-22T03:03:22","guid":{"rendered":"https:\/\/fxknews.com\/?p=3185"},"modified":"2026-06-22T06:20:45","modified_gmt":"2026-06-22T03:20:45","slug":"goldman-sachs-merkez-bankalarinin-nisan-ayinda-59-tonluk-altin-talebine-ulasmasiyla-yapisal-altin-alimlari-ongoruyor","status":"publish","type":"post","link":"https:\/\/fxknews.com\/?p=3185","title":{"rendered":"Goldman Sachs, Merkez Bankalar\u0131n\u0131n Nisan Ay\u0131nda 59 Tonluk Alt\u0131n Talebine Ula\u015fmas\u0131yla Yap\u0131sal Alt\u0131n Al\u0131mlar\u0131 \u00d6ng\u00f6r\u00fcyor"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Merkez bankalar\u0131 sadece alt\u0131n sat\u0131n alm\u0131yor, ayn\u0131 zamanda alt\u0131n almaya devam etme niyetinde olduklar\u0131n\u0131n da sinyalini veriyorlar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Goldman&#8217;\u0131n, 2026 y\u0131l\u0131na kadar ayl\u0131k 50 tonluk s\u00fcrd\u00fcr\u00fclebilir merkez bankas\u0131 al\u0131mlar\u0131 ve 2027&#8217;de bu rakam\u0131n 40 tona d\u00fc\u015fece\u011fi y\u00f6n\u00fcndeki tahmini, ayl\u0131k al\u0131m h\u0131z\u0131n\u0131n \u00f6nceki zirvelerden yava\u015flamas\u0131na ra\u011fmen alt\u0131n fiyatlar\u0131 i\u00e7in kal\u0131c\u0131 bir yap\u0131sal taban sa\u011fl\u0131yor. Rezervleri art\u0131rma niyetini g\u00f6steren rekor say\u0131da merkez bankas\u0131n\u0131n varl\u0131\u011f\u0131, a\u015fa\u011f\u0131 y\u00f6nl\u00fc riski \u00f6nemli \u00f6l\u00e7\u00fcde s\u0131n\u0131rlayan bir talep hikayesi ekliyor. Pekin&#8217;in resmi rezerv raporlamas\u0131n\u0131n \u015feffaf olmamas\u0131 g\u00f6z \u00f6n\u00fcne al\u0131nd\u0131\u011f\u0131nda, \u00c7in&#8217;in Nisan ay\u0131ndaki tahmini 24 tonluk katk\u0131s\u0131 \u00f6zellikle dikkat \u00e7ekiyor; \u00c7in&#8217;in al\u0131mlar\u0131ndaki herhangi bir h\u0131zlanma veya yava\u015flama, fiyatlar\u0131 toplam rakamlar\u0131n ima etti\u011finden daha keskin bir \u015fekilde etkileyebilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Goldman<\/strong><br>Sachs, merkez bankalar\u0131n\u0131n Nisan ay\u0131nda 59 ton alt\u0131n sat\u0131n ald\u0131\u011f\u0131n\u0131, bunun 24 tonunun \u00c7in&#8217;den geldi\u011fini tahmin ediyor ve 2026&#8217;da ayl\u0131k 50 ton, 2027&#8217;de ise ayl\u0131k 40 ton alt\u0131n al\u0131m\u0131 \u00f6ng\u00f6r\u00fcyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00d6zet:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Goldman Sachs&#8217;\u0131n tahminlerine g\u00f6re, k\u00fcresel merkez bankalar\u0131n\u0131n Nisan ay\u0131ndaki alt\u0131n al\u0131mlar\u0131 toplam 59 ton oldu; bunun 24 tonluk k\u0131sm\u0131n\u0131n \u00c7in&#8217;den geldi\u011fi tahmin ediliyor.<\/li>\n\n\n\n<li>Ayl\u0131k al\u0131m h\u0131z\u0131, hem \u00fc\u00e7 ayl\u0131k hem de 12 ayl\u0131k hareketli ortalama baz\u0131nda yakla\u015f\u0131k 50 ton seviyesine geriledi.<\/li>\n\n\n\n<li>Goldman, \u00e7e\u015fitlendirme trendini d\u00f6ng\u00fcsel olmaktan ziyade yap\u0131sal olarak de\u011ferlendiriyor.<\/li>\n\n\n\n<li>D\u00fcnya Alt\u0131n Konseyi&#8217;nin 76 merkez bankas\u0131yla yapt\u0131\u011f\u0131 bir ankete g\u00f6re, merkez bankalar\u0131n\u0131n %45&#8217;i \u00f6n\u00fcm\u00fczdeki 12 ay i\u00e7inde kendi alt\u0131n rezervlerini art\u0131rmay\u0131 planl\u0131yor; bu da rekor bir oran.<\/li>\n\n\n\n<li>Ankete kat\u0131lanlar\u0131n yakla\u015f\u0131k %90&#8217;\u0131 k\u00fcresel merkez bankalar\u0131n\u0131n alt\u0131n rezervlerinin artmas\u0131n\u0131 beklerken, geri kalan\u0131 genel olarak istikrarl\u0131 seviyeler \u00f6ng\u00f6r\u00fcyor.<\/li>\n\n\n\n<li>Goldman Sachs, merkez bankalar\u0131n\u0131n ayl\u0131k petrol stoklar\u0131n\u0131n 2026&#8217;da 50 ton, 2027&#8217;de ise 40 tona d\u00fc\u015fece\u011fini \u00f6ng\u00f6r\u00fcyor.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Goldman Sachs&#8217;\u0131n bir ara\u015ft\u0131rma notunda, k\u00fcresel merkez bankalar\u0131n\u0131n Nisan ay\u0131nda tahmini 59 ton alt\u0131n sat\u0131n ald\u0131\u011f\u0131, bunun yakla\u015f\u0131k 24 tonunun tek ba\u015f\u0131na \u00c7in&#8217;den geldi\u011fi belirtildi. Notta, resmi rezervlerde alt\u0131na do\u011fru ya\u015fanan bu genel e\u011filimin d\u00f6ng\u00fcsel olmaktan ziyade yap\u0131sal oldu\u011fu ifade edildi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Goldman&#8217;\u0131n kendi geli\u015ftirdi\u011fi anl\u0131k tahmin modelinden elde edilen rakamlar, ayl\u0131k al\u0131m h\u0131z\u0131n\u0131n hem \u00fc\u00e7 ayl\u0131k mevsimsel olarak d\u00fczeltilmi\u015f hem de 12 ayl\u0131k hareketli ortalama baz\u0131nda yakla\u015f\u0131k 50 tona geriledi\u011fini g\u00f6steriyor. Daha \u00f6nceki zirvelere k\u0131yasla daha yava\u015f bir tempoya ra\u011fmen, banka yap\u0131sal g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc revize etmek i\u00e7in bir neden g\u00f6rm\u00fcyor ve merkez bankas\u0131n\u0131n ayl\u0131k 50 tonluk al\u0131mlar\u0131n\u0131n 2026 y\u0131l\u0131na kadar devam edece\u011fini, 2027&#8217;de ise ayl\u0131k 40 tona d\u00fc\u015fece\u011fini \u00f6ng\u00f6r\u00fcyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">D\u00fcnya Alt\u0131n Konseyi&#8217;nin \u015eubat ve May\u0131s aylar\u0131 aras\u0131nda 76 merkez bankas\u0131yla yapt\u0131\u011f\u0131 ayr\u0131 bir anket de bu g\u00f6r\u00fc\u015f\u00fc destekliyor. Ankete kat\u0131lanlar\u0131n rekor d\u00fczeyde %45&#8217;i \u00f6n\u00fcm\u00fczdeki 12 ay i\u00e7inde kendi alt\u0131n rezervlerini art\u0131rmay\u0131 beklediklerini belirtti; bu, anketin tarihindeki en y\u00fcksek oran. Kat\u0131l\u0131mc\u0131lar\u0131n yakla\u015f\u0131k %90&#8217;\u0131 k\u00fcresel merkez bankalar\u0131n\u0131n alt\u0131n rezervlerinin bu d\u00f6nemde artaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcrken, geri kalanlar genel olarak istikrarl\u0131 seviyeler bekledi. Hi\u00e7bir kat\u0131l\u0131mc\u0131 d\u00fc\u015f\u00fc\u015f beklemedi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sonu\u00e7lar, rezerv y\u00f6neticileri aras\u0131nda alt\u0131n&#8217;\u0131n resmi portf\u00f6ylerdeki rol\u00fcn\u00fcn geni\u015fledi\u011fine dair artan bir inanc\u0131 vurguluyor; bu durum k\u0131smen jeopolitik belirsizli\u011fe ve dolar cinsinden varl\u0131k riskinin daha geni\u015f bir \u015fekilde yeniden de\u011ferlendirilmesine bir yan\u0131t niteli\u011finde. \u00c7in&#8217;in Nisan ay\u0131 al\u0131mlar\u0131na tahmini katk\u0131s\u0131, rezerv y\u00f6netimi kararlar\u0131n\u0131n stratejik \u00f6nemi g\u00f6z \u00f6n\u00fcne al\u0131nd\u0131\u011f\u0131nda dikkat \u00e7ekici olsa da, Pekin&#8217;den gelen alt\u0131n rezervlerine ili\u015fkin resmi veriler \u00f6nemli \u00f6l\u00e7\u00fcde gecikmeli olabilir ve bu da ger\u00e7ek zamanl\u0131 takibi zorla\u015ft\u0131rabilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Goldman&#8217;\u0131n tahminleri, ayl\u0131k rakamlar dalgalansa bile, merkez bankas\u0131 talebinin \u00f6n\u00fcm\u00fczdeki iki y\u0131l boyunca alt\u0131n fiyatlar\u0131 i\u00e7in en istikrarl\u0131 yap\u0131sal desteklerden biri olmaya devam edece\u011fini g\u00f6steriyor. Rekor seviyedeki anket verileri ve s\u00fcrd\u00fcr\u00fclen al\u0131m tahminleri, resmi sekt\u00f6r talebinin, son y\u00fcksek seviyelerden yava\u015f yava\u015f d\u00fc\u015fmeye devam etse bile, h\u0131zla azalmas\u0131n\u0131n olas\u0131 olmad\u0131\u011f\u0131 bir piyasaya i\u015faret ediyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Merkez bankalar\u0131 sadece alt\u0131n sat\u0131n alm\u0131yor, ayn\u0131 zamanda alt\u0131n almaya devam etme niyetinde olduklar\u0131n\u0131n da sinyalini veriyorlar. Goldman&#8217;\u0131n, 2026 y\u0131l\u0131na<\/p>\n","protected":false},"author":1,"featured_media":3192,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[78,104],"class_list":["post-3185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansal-piyasalar","tag-altin","tag-xauusd"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/3185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3185"}],"version-history":[{"count":1,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/3185\/revisions"}],"predecessor-version":[{"id":3187,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/3185\/revisions\/3187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/3192"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}