The recent downward trend observed in the gold market continues. Especially the developments in the Middle East and the uncertainty of the ceasefire cause investors to seek direction. Gram gold traded at 6,547 lira on the third trading day of the week, while the quarter gold price dropped to 10,751 lira. The selling price of the Republic gold is at the level of 42,854 lira. In international markets, the ounce price of gold is around 4,474 dollars. Market experts point out that fluctuations in gold prices may continue depending on the course of tensions in the Middle East. Uncertainties in the ceasefire process and developments in the region affect investors' risk perception, causing ups and downs in the value of gold. This situation requires close monitoring of short-term movements in the gold market.