Economy

New leap in global wheat prices

Wheat prices, which reached the peak of the last 14 years after Russia’s invasion of Ukraine, now experienced the fastest increase in the last two months after India’s decision to ban wheat exports. Futures prices of wheat traded on the Chicago stock exchange peaked by 6 percent, with India banning wheat exports after the heat wave in the country disrupted production and the…
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Economy

Chinese influence on oil prices

Oil prices fell in the first trading of the week as the coronavirus lockdowns in China put pressure on demand. Oil prices fell on the first trading day of the week, as the International Energy Agency (IEA) members announced plans to launch record amounts of crude oil…
Economy

Historic increase in food prices

The UN Food and Agriculture Organization announced that food prices in dollar terms increased by 12.6 percent monthly and 33.6 percent annually in March due to the effect of the war, and prices rose to a record level. The monthly increase in vegetable oil prices reached…
Economy

The 'reserve sale' effect on oil prices

Oil prices continued to decline after the decision to release 240 million barrels of oil from the strategic oil reserves of the International Energy Agency countries led by the USA. Oil prices decreased slightly due to the decision to release 240 million barrels of oil from strategic reserves, which will partially close the supply gap created after Western countries’ sanctions that made…
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Economy

The tide in gold prices reversed

After the meetings between the delegations in Dolmabahçe, Russia’s decision to reduce operations in Kiev caused a significant decline in gold and dollar. The daily decline under grams exceeded 3 percent. After the meetings between the delegations of Russia and…
Economy

Fed fluctuation in gold prices

Although gold prices fell in the evening hours as a result of the Fed’s policy rate hike, they recovered later on. The continuation of the risks posed by the Ukraine war, the Fed’s expectations that inflation will continue, and the decrease in growth forecasts…
Economy

Will oil prices continue to rise? Scary predictions from specialist organizations

After the oil sanctions imposed on Russia, energy consultancy company Rystad Energy and British Bank Barclays said that oil could reach $200 a barrel, while US bank Goldman Sachs increased its oil price forecasts for the end of the year. Sanctions initiated by western countries after Russia’s invasion of Ukraine spilled over into oil. While the sharp price increases in oil continue…
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Economy

Embargo effect on gold prices

Gold prices rose sharply after the economic sanctions against Russia after the Ukraine invasion were added to the restriction of oil exports. Fed by geopolitical risks and inflation concerns, ounce gold turned its direction to 1000 TL as it approached the peak. Gold…
Economy

Sharp rise in gold prices

Gold prices skyrocketed after the US announced its plan to ban oil imports from Russia. An ounce of gold exceeded $2,000 for the first time in two years. With the rise of the dollar/TL, the level of 924 TL was seen under gram. The continuation of Russia’s…
Economy

Great increase in wheat prices

Due to the deepening of the war between Ukraine and Russia, the rise in wheat prices continues. The daily increase in wheat prices exceeded 10 percent after the supply concerns after the invasion. The war in Ukraine continues to push up oil and commodity prices and intensify concerns about inflation. After the deepening of the conflicts in Ukraine yesterday, there was a great increase in…
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