{"status":true,"post":{"id":84154,"user_id":23,"status":1,"type":1,"orde":null,"notification_type":0,"static_post":0,"published_at":"2026-02-13 08:53:00","created_at":"2026-02-13T05:53:00.000000Z","updated_at":"2026-02-13T05:53:00.000000Z","edited_at":"2026-02-13 08:53:00","source_id":null,"post_id":84154,"is_featured":0,"title":"Alt\u0131nda oyuncular de\u011fi\u015fiyor ! Piyasay\u0131 nas\u0131l etkiler?","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":"Alt\u0131nda oyuncular de\u011fi\u015fiyor ! Piyasay\u0131 nas\u0131l etkiler?","sub_title":null,"category_id":73,"description":null,"content":"<p id=\"isPasted\"><strong>D\u00fcnya Alt\u0131n Konseyi (WGC) verilerine g\u00f6re 2022, 2023 ve 2024 y\u0131llar\u0131nda g\u00f6rd\u00fc\u011f\u00fc rekor seviyelerin ard\u0131ndan net alt\u0131n al\u0131m\u0131 2025 y\u0131l\u0131nda 863 ton olarak ger\u00e7ekle\u015fti. 2024 y\u0131l\u0131nda bu rakam 1045 ton idi. D\u00fcnya Alt\u0131n Konseyi, bu durumun merkez bankalar\u0131n\u0131n alt\u0131n fiyatlar\u0131ndaki y\u00fckseli\u015fe tamamen kay\u0131ts\u0131z kalmad\u0131\u011f\u0131n\u0131 g\u00f6sterdi\u011fini d\u00fc\u015f\u00fcn\u00fcyor.\u00a0<\/strong><\/p><p><br><\/p><p>Genel olarak merkez bankalar\u0131n\u0131n alt\u0131n al\u0131m\u0131 azal\u0131rken Polonya alt\u0131n al\u0131m\u0131n\u0131 y\u00fczde 14 oran\u0131nda art\u0131rarak sava\u015fa kar\u015f\u0131 tedbir alm\u0131\u015f g\u00f6r\u00fcnt\u00fcs\u00fc veriyor. 24 merkez bankas\u0131n\u0131n incelendi\u011fi \u00e7al\u0131\u015fmada 22\u2019sinin alt\u0131n rezervlerini art\u0131rd\u0131\u011f\u0131, toplam al\u0131mlar\u0131n b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcn\u00fcn ise yedi kurum taraf\u0131ndan ger\u00e7ekle\u015ftirildi\u011fi kaydedildi. Bu durum, ABD dolar\u0131na kar\u015f\u0131 artan temkinli yakla\u015f\u0131m\u0131 yans\u0131t\u0131yor. Dolar endeksinde 96 seviyelerine kadar gelen d\u00fc\u015f\u00fc\u015f ve ABD tahvillerinde faizlerin y\u00fckseli\u015f bask\u0131s\u0131 da dolar ve ABD riskinden ka\u00e7\u0131n\u0131ld\u0131\u011f\u0131n\u0131 a\u00e7\u0131k bir \u015fekilde g\u00f6steriyor.<\/p><p><br><\/p><p><strong>YATIRIM FONLARI<br><\/strong><\/p><p>Merkez bankalar\u0131n\u0131n alt\u0131n al\u0131mlar\u0131 yava\u015flarken, piyasa akt\u00f6rlerinden ETF\u2019lerin varl\u0131\u011f\u0131nda \u00f6nemli art\u0131\u015flar g\u00f6r\u00fclmeye ba\u015fland\u0131. ETF\u2019nin anlam\u0131 borsa yat\u0131r\u0131m fonlar\u0131d\u0131r. Yat\u0131r\u0131m fonlar\u0131ndan \u00f6nemli farklar\u0131 var. Yat\u0131r\u0131m fonlar\u0131n\u0131n getirileri, fonun portf\u00f6y\u00fcndeki varl\u0131klar\u0131n performans\u0131na dayan\u0131rken, ETF'lerin getirileri endeksin veya izlenen varl\u0131\u011f\u0131n performans\u0131na ba\u011fl\u0131d\u0131r. \u2018Helal yat\u0131r\u0131m fonlar\u0131\u2019 gibi \u00f6zel temalara sahip fonlar, yat\u0131r\u0131mc\u0131lar\u0131n etik ve dini hassasiyetlerine uygun se\u00e7enekler sunar. \u0130\u015fte kritik konu da burada ba\u015fl\u0131yor. \u00c7\u00fcnk\u00fc alt\u0131n piyasas\u0131ndaki y\u00fckseli\u015fin liderli\u011fi merkez bankalar\u0131ndan ETF\u2019lere ge\u00e7mi\u015f durumda.<\/p><p><br><\/p><p>Yat\u0131r\u0131m fonlar\u0131 alt\u0131na endeksli getiri sunduklar\u0131nda, getiriler cazip geldik\u00e7e fon giri\u015fi sa\u011flarlar. \u0130\u015fte bu fon giri\u015fleri fiyat ne olursa olsun, fon da\u011f\u0131l\u0131m\u0131n\u0131n bozulmamas\u0131 i\u00e7in yeni alt\u0131n al\u0131mlar\u0131n\u0131 da zorunlu k\u0131lar. Fon giri\u015fi oldu\u011fu s\u00fcrece herhangi bir sorun ortaya \u00e7\u0131kmaz. Ancak alt\u0131n getirisi azal\u0131rsa ve yat\u0131r\u0131mc\u0131y\u0131 memnun edemezse, i\u015fte o zaman ciddi sorunlarla kar\u015f\u0131la\u015fabiliriz.\u00a0<\/p><p><br><\/p><p>Yat\u0131r\u0131m fonlar\u0131na para yat\u0131ranlar getiriden memnun kalmazlarsa, yat\u0131r\u0131m fonlar\u0131n\u0131 iade etmeye ba\u015flarlar. O zaman da fonu y\u00f6netenler, oransal da\u011f\u0131l\u0131m\u0131 korumak i\u00e7in alt\u0131n sat\u0131\u015f\u0131na ge\u00e7mek durumunda kal\u0131rlar ya da alt\u0131n getirisini endeksledikleri enstr\u00fcmanlardan \u00e7\u0131karlar. O zaman da alt\u0131n fiyatlar\u0131nda ciddi d\u00fc\u015f\u00fc\u015fler gelebilir.<\/p><p><br><\/p><p><strong>S\u00dcRPR\u0130Z DAVRANI\u015eLAR<br><\/strong><\/p><p>Piyasa derinli\u011fi bu al\u0131m ve sat\u0131m dalgalanmas\u0131n\u0131n \u015fiddetini belirleyecektir. Ancak son hareketler, ciddi dalgalanmalar bizlere ETF a\u011f\u0131rl\u0131kl\u0131 bir piyasa oldu\u011funu da a\u00e7\u0131k\u00e7a g\u00f6sterdi.\u00a0<\/p><p><br><\/p><p>Bu durumda net bir \u015fekilde \u015funu s\u00f6yleyebiliriz. Alt\u0131n daha \u00f6nce merkez bankalar\u0131n\u0131n elde tutmak ve dolardan \u00e7\u0131kmak i\u00e7in s\u0131\u011f\u0131n\u0131lacak g\u00fcvenli bir liman iken, \u015fimdi getiri odakl\u0131 ETF\u2019lerin ilgi alan\u0131nda olmas\u0131 nedeniyle daha \u00e7ok spek\u00fclatif ama\u00e7la pozisyon al\u0131nan bir finansal \u00fcr\u00fcn haline geldi.\u00a0<\/p><p><br><\/p><p>Bu durumda kald\u0131ra\u00e7l\u0131 i\u015flemler ciddi k\u00e2r\/zarar potansiyeli ta\u015f\u0131d\u0131\u011f\u0131ndan dikkatli olmak gerekir. Alt\u0131n istikrarl\u0131 \u00e7\u0131k\u0131\u015f yerine dalgal\u0131 ve kimi zaman \u00f6ng\u00f6r\u00fclemez, s\u00fcrpriz davran\u0131\u015flarla yat\u0131r\u0131mc\u0131s\u0131n\u0131 \u015fa\u015f\u0131rtabilir. T\u0131pk\u0131 29 Ocak-2 \u015eubat 2026 tarihleri aras\u0131nda oldu\u011fu gibi. \u00d6yle ki \u2018stop\u2019 dedi\u011fimiz zarar\u0131 durdurucu otomatik emirlerin devreye girmesi bile s\u00f6z konusu olabilir.<\/p><p><br><\/p><p>O y\u00fczden alt\u0131nda spek\u00fclasyonlar\u0131n art\u0131\u015f\u0131na kar\u015f\u0131 son derece dikkatli davranman\u0131n zaman\u0131 geldi.<\/p>","slug":"altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler","tags":null,"meta_title":"Alt\u0131nda oyuncular de\u011fi\u015fiyor ! Piyasay\u0131 nas\u0131l etkiler?","meta_description":"D\u00fcnya Alt\u0131n Konseyi (WGC) verilerine g\u00f6re 2022, 2023 ve 2024 y\u0131llar\u0131nda g\u00f6rd\u00fc\u011f\u00fc rekor seviyelerin ard\u0131ndan net alt\u0131n al\u0131m\u0131 2025 y\u0131l\u0131nda 863 ton olarak ger\u00e7ekle\u015fti. 2024 y\u0131l\u0131nda bu rakam 1045 ton idi. D\u00fcnya Alt\u0131n Konseyi, bu durumun merkez bankalar\u0131n\u0131n alt\u0131n fiyatlar\u0131ndaki y\u00fckseli\u015fe tamamen kay\u0131ts\u0131z kalmad\u0131\u011f\u0131n\u0131 g\u00f6sterdi\u011fini d\u00fc\u015f\u00fcn\u00fcyor.","meta_keywords":null,"news_cover_min":"\/front\/uploads\/blog\/thumbnail\/1770930000FxXIZIDl7ZXqfxG.webp","news_cover":null,"news_video_min":null,"news_video":null,"view_count":0,"cropped_1200x675":"\/front\/uploads\/haber\/1200x675\/altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler_1200x675_UtfG6Cuwr0.webp","user":{"id":23,"name":"H\u0130KMET","surname":"BAYDAR","email":"hikmet-baydar@gmail.com","slug":"hikmet-baydar","avatar":"\/front\/uploads\/avatar\/1733691600m8IdzrjJsMVvSMC.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-10-19T14:42:06.000000Z","updated_at":"2024-12-18T09:49:02.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":84286,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":84154,"locale":"tr","category_id":73,"title":"Alt\u0131nda oyuncular de\u011fi\u015fiyor ! Piyasay\u0131 nas\u0131l etkiler?","home_title":"Alt\u0131nda oyuncular de\u011fi\u015fiyor ! Piyasay\u0131 nas\u0131l etkiler?","sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":"<p id=\"isPasted\"><strong>D\u00fcnya Alt\u0131n Konseyi (WGC) verilerine g\u00f6re 2022, 2023 ve 2024 y\u0131llar\u0131nda g\u00f6rd\u00fc\u011f\u00fc rekor seviyelerin ard\u0131ndan net alt\u0131n al\u0131m\u0131 2025 y\u0131l\u0131nda 863 ton olarak ger\u00e7ekle\u015fti. 2024 y\u0131l\u0131nda bu rakam 1045 ton idi. D\u00fcnya Alt\u0131n Konseyi, bu durumun merkez bankalar\u0131n\u0131n alt\u0131n fiyatlar\u0131ndaki y\u00fckseli\u015fe tamamen kay\u0131ts\u0131z kalmad\u0131\u011f\u0131n\u0131 g\u00f6sterdi\u011fini d\u00fc\u015f\u00fcn\u00fcyor.\u00a0<\/strong><\/p><p><br><\/p><p>Genel olarak merkez bankalar\u0131n\u0131n alt\u0131n al\u0131m\u0131 azal\u0131rken Polonya alt\u0131n al\u0131m\u0131n\u0131 y\u00fczde 14 oran\u0131nda art\u0131rarak sava\u015fa kar\u015f\u0131 tedbir alm\u0131\u015f g\u00f6r\u00fcnt\u00fcs\u00fc veriyor. 24 merkez bankas\u0131n\u0131n incelendi\u011fi \u00e7al\u0131\u015fmada 22\u2019sinin alt\u0131n rezervlerini art\u0131rd\u0131\u011f\u0131, toplam al\u0131mlar\u0131n b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcn\u00fcn ise yedi kurum taraf\u0131ndan ger\u00e7ekle\u015ftirildi\u011fi kaydedildi. Bu durum, ABD dolar\u0131na kar\u015f\u0131 artan temkinli yakla\u015f\u0131m\u0131 yans\u0131t\u0131yor. Dolar endeksinde 96 seviyelerine kadar gelen d\u00fc\u015f\u00fc\u015f ve ABD tahvillerinde faizlerin y\u00fckseli\u015f bask\u0131s\u0131 da dolar ve ABD riskinden ka\u00e7\u0131n\u0131ld\u0131\u011f\u0131n\u0131 a\u00e7\u0131k bir \u015fekilde g\u00f6steriyor.<\/p><p><br><\/p><p><strong>YATIRIM FONLARI<br><\/strong><\/p><p>Merkez bankalar\u0131n\u0131n alt\u0131n al\u0131mlar\u0131 yava\u015flarken, piyasa akt\u00f6rlerinden ETF\u2019lerin varl\u0131\u011f\u0131nda \u00f6nemli art\u0131\u015flar g\u00f6r\u00fclmeye ba\u015fland\u0131. ETF\u2019nin anlam\u0131 borsa yat\u0131r\u0131m fonlar\u0131d\u0131r. Yat\u0131r\u0131m fonlar\u0131ndan \u00f6nemli farklar\u0131 var. Yat\u0131r\u0131m fonlar\u0131n\u0131n getirileri, fonun portf\u00f6y\u00fcndeki varl\u0131klar\u0131n performans\u0131na dayan\u0131rken, ETF'lerin getirileri endeksin veya izlenen varl\u0131\u011f\u0131n performans\u0131na ba\u011fl\u0131d\u0131r. \u2018Helal yat\u0131r\u0131m fonlar\u0131\u2019 gibi \u00f6zel temalara sahip fonlar, yat\u0131r\u0131mc\u0131lar\u0131n etik ve dini hassasiyetlerine uygun se\u00e7enekler sunar. \u0130\u015fte kritik konu da burada ba\u015fl\u0131yor. \u00c7\u00fcnk\u00fc alt\u0131n piyasas\u0131ndaki y\u00fckseli\u015fin liderli\u011fi merkez bankalar\u0131ndan ETF\u2019lere ge\u00e7mi\u015f durumda.<\/p><p><br><\/p><p>Yat\u0131r\u0131m fonlar\u0131 alt\u0131na endeksli getiri sunduklar\u0131nda, getiriler cazip geldik\u00e7e fon giri\u015fi sa\u011flarlar. \u0130\u015fte bu fon giri\u015fleri fiyat ne olursa olsun, fon da\u011f\u0131l\u0131m\u0131n\u0131n bozulmamas\u0131 i\u00e7in yeni alt\u0131n al\u0131mlar\u0131n\u0131 da zorunlu k\u0131lar. Fon giri\u015fi oldu\u011fu s\u00fcrece herhangi bir sorun ortaya \u00e7\u0131kmaz. Ancak alt\u0131n getirisi azal\u0131rsa ve yat\u0131r\u0131mc\u0131y\u0131 memnun edemezse, i\u015fte o zaman ciddi sorunlarla kar\u015f\u0131la\u015fabiliriz.\u00a0<\/p><p><br><\/p><p>Yat\u0131r\u0131m fonlar\u0131na para yat\u0131ranlar getiriden memnun kalmazlarsa, yat\u0131r\u0131m fonlar\u0131n\u0131 iade etmeye ba\u015flarlar. O zaman da fonu y\u00f6netenler, oransal da\u011f\u0131l\u0131m\u0131 korumak i\u00e7in alt\u0131n sat\u0131\u015f\u0131na ge\u00e7mek durumunda kal\u0131rlar ya da alt\u0131n getirisini endeksledikleri enstr\u00fcmanlardan \u00e7\u0131karlar. O zaman da alt\u0131n fiyatlar\u0131nda ciddi d\u00fc\u015f\u00fc\u015fler gelebilir.<\/p><p><br><\/p><p><strong>S\u00dcRPR\u0130Z DAVRANI\u015eLAR<br><\/strong><\/p><p>Piyasa derinli\u011fi bu al\u0131m ve sat\u0131m dalgalanmas\u0131n\u0131n \u015fiddetini belirleyecektir. Ancak son hareketler, ciddi dalgalanmalar bizlere ETF a\u011f\u0131rl\u0131kl\u0131 bir piyasa oldu\u011funu da a\u00e7\u0131k\u00e7a g\u00f6sterdi.\u00a0<\/p><p><br><\/p><p>Bu durumda net bir \u015fekilde \u015funu s\u00f6yleyebiliriz. Alt\u0131n daha \u00f6nce merkez bankalar\u0131n\u0131n elde tutmak ve dolardan \u00e7\u0131kmak i\u00e7in s\u0131\u011f\u0131n\u0131lacak g\u00fcvenli bir liman iken, \u015fimdi getiri odakl\u0131 ETF\u2019lerin ilgi alan\u0131nda olmas\u0131 nedeniyle daha \u00e7ok spek\u00fclatif ama\u00e7la pozisyon al\u0131nan bir finansal \u00fcr\u00fcn haline geldi.\u00a0<\/p><p><br><\/p><p>Bu durumda kald\u0131ra\u00e7l\u0131 i\u015flemler ciddi k\u00e2r\/zarar potansiyeli ta\u015f\u0131d\u0131\u011f\u0131ndan dikkatli olmak gerekir. Alt\u0131n istikrarl\u0131 \u00e7\u0131k\u0131\u015f yerine dalgal\u0131 ve kimi zaman \u00f6ng\u00f6r\u00fclemez, s\u00fcrpriz davran\u0131\u015flarla yat\u0131r\u0131mc\u0131s\u0131n\u0131 \u015fa\u015f\u0131rtabilir. T\u0131pk\u0131 29 Ocak-2 \u015eubat 2026 tarihleri aras\u0131nda oldu\u011fu gibi. \u00d6yle ki \u2018stop\u2019 dedi\u011fimiz zarar\u0131 durdurucu otomatik emirlerin devreye girmesi bile s\u00f6z konusu olabilir.<\/p><p><br><\/p><p>O y\u00fczden alt\u0131nda spek\u00fclasyonlar\u0131n art\u0131\u015f\u0131na kar\u015f\u0131 son derece dikkatli davranman\u0131n zaman\u0131 geldi.<\/p>","slug":"altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler","orjinalimage":"\/front\/uploads\/blog\/thumbnail\/1770930000FxXIZIDl7ZXqfxG.webp","news_cover_min":"\/front\/uploads\/blog\/thumbnail\/1770930000FxXIZIDl7ZXqfxG.webp","news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":"\/front\/uploads\/haber\/638x552\/altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler_638x552_8lcInYYDFx.webp","cropped_310x208":"\/front\/uploads\/haber\/310x208\/altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler_310x208_573GCoPyFe.webp","cropped_416x247":"\/front\/uploads\/haber\/416x247\/altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler_416x247_KCv7ayYvkH.webp","cropped_197x247":"\/front\/uploads\/haber\/197x247\/altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler_197x247_6e91xTFeHU.webp","cropped_416x600":"\/front\/uploads\/haber\/416x600\/altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler_416x600_RXxTDBF3Cc.webp","cropped_1200x675":"\/front\/uploads\/haber\/1200x675\/altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler_1200x675_UtfG6Cuwr0.webp","tags":null,"meta_title":"Alt\u0131nda oyuncular de\u011fi\u015fiyor ! Piyasay\u0131 nas\u0131l etkiler?","meta_description":"D\u00fcnya Alt\u0131n Konseyi (WGC) verilerine g\u00f6re 2022, 2023 ve 2024 y\u0131llar\u0131nda g\u00f6rd\u00fc\u011f\u00fc rekor seviyelerin ard\u0131ndan net alt\u0131n al\u0131m\u0131 2025 y\u0131l\u0131nda 863 ton olarak ger\u00e7ekle\u015fti. 2024 y\u0131l\u0131nda bu rakam 1045 ton idi. D\u00fcnya Alt\u0131n Konseyi, bu durumun merkez bankalar\u0131n\u0131n alt\u0131n fiyatlar\u0131ndaki y\u00fckseli\u015fe tamamen kay\u0131ts\u0131z kalmad\u0131\u011f\u0131n\u0131 g\u00f6sterdi\u011fini d\u00fc\u015f\u00fcn\u00fcyor.","meta_keywords":null,"view_count":0,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":"\/front\/uploads\/haber\/358x214\/altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler_358x214_ns0WqaedTp.webp","cropped_842x474":"\/front\/uploads\/haber\/842x474\/altinda-oyuncular-degisiyor-piyasayi-nasil-etkiler_842x474_brluMqCfO2.webp"}]}}