Markets on July 8: Dollar, Euro and Gold Edge Higher

Financial markets on Wednesday, July 8, 2026, opened with a modest upward trend in foreign exchange rates, while gold prices showed signs of a gradual recovery.

According to the latest data from the free market and Istanbul’s Grand Bazaar, the market outlook is as follows:

Foreign Exchange Market

Major currencies started the day with slight gains against the Turkish lira.

• USD/TRY: Trading around 46.85, up approximately 0.04% from the previous session.
• EUR/TRY: Rose about 0.16%, changing hands near 53.55.
• GBP/TRY: Hovering around 62.64, reflecting movements in global currency markets.

Gold Market

A rebound in international gold prices, supported by geopolitical developments and macroeconomic expectations, is also lifting domestic gold prices.

• Spot Gold: Increased 0.44% to approximately $4,125 per ounce.
• Gram Gold: Benefiting from both higher gold prices and exchange rates, trading between TRY 6,212 and TRY 6,217, up roughly 0.53%.
• Quarter Gold Coin: Selling within the TRY 10,165–10,227 range, depending on market conditions.
• Republic Gold Coin: Changing hands at around TRY 40,536.

Market Highlights

Global Focus

Investors remain focused on developments from the NATO Summit, where leaders are expected to deliver statements that could influence global markets. Expectations surrounding the U.S. Federal Reserve’s upcoming interest-rate decisions also continue to shape investor sentiment.

Borsa Istanbul

On the equity side, Borsa Istanbul (BIST 100) is witnessing increased foreign investor activity in selected stocks, including EFOR, KLSYN, and SASA. Meanwhile, recently published assessments by S&P Dow Jones on Turkish equities are being closely monitored by institutional investors.

Overall, market participants continue to balance geopolitical developments, monetary policy expectations, and capital flows while assessing the near-term direction of financial markets.

News: Gökhan Turhan