Son aylarda q\u0131z\u0131l\u0131n qiym\u0259tind\u0259 ciddi d\u0259yi\u015fiklikl\u0259r m\u00fc\u015fahid\u0259 olunur. \u018fvv\u0259lc\u0259 qiym\u0259t beyn\u0259lxalq bazarlarda tarixi rekord s\u0259viyy\u0259l\u0259r\u0259 y\u00fcks\u0259lib, son d\u00f6vrd\u0259 is\u0259 bazarda m\u00fc\u0259yy\u0259n eni\u015f m\u00fc\u015fahid\u0259 edilib. Bu prosesl\u0259r qlobal iqtisadi \u015f\u0259raitin v\u0259 investor davran\u0131\u015flar\u0131n\u0131n q\u0131z\u0131l bazar\u0131na t\u0259sirini a\u00e7\u0131q \u015f\u0259kild\u0259 g\u00f6st\u0259rir.<\/strong><\/p>\n 2025-ci ilin oktyabr v\u0259 dekabr aylar\u0131nda q\u0131z\u0131l\u0131n bir troy unsiyas\u0131n\u0131n qiym\u0259ti d\u00fcnya birjalar\u0131nda \u0259vv\u0259lki b\u00fct\u00fcn rekordlar\u0131 a\u015faraq 4 380\u20134 400 AB\u015e dollar\u0131 s\u0259viyy\u0259sin\u0259 \u00e7at\u0131b. Bu art\u0131m investorlar\u0131n artan riskl\u0259r fonunda q\u0131z\u0131la t\u0259hl\u00fck\u0259siz s\u0259rmay\u0259 al\u0259ti kimi \u00fcst\u00fcnl\u00fck verm\u0259si il\u0259 izah olunur.<\/p>\n Rekord y\u00fcks\u0259li\u015fd\u0259n sonra bazarda geri \u00e7\u0259kilm\u0259 d\u0259 qeyd\u0259 al\u0131n\u0131b. Qazanc g\u00f6t\u00fcr\u0259n investorlar\u0131n aktivliyi qiym\u0259tl\u0259rd\u0259 m\u00fcv\u0259qq\u0259ti eni\u015f\u0259 s\u0259b\u0259b olub. Bununla bel\u0259, son g\u00f6st\u0259ricil\u0259r q\u0131z\u0131l bazar\u0131nda yenid\u0259n art\u0131m ehtimal\u0131n\u0131 g\u00fcnd\u0259m\u0259 g\u0259tirir. COMEX \u0259mt\u0259\u0259 birjas\u0131nda q\u0131z\u0131l\u0131n 2026-c\u0131 ilin fevral fyu\u00e7ersl\u0259ri 0,99 faiz artaraq 4 430,8 AB\u015e dollar\u0131na y\u00fcks\u0259lib. Bu v\u0259ziyy\u0259t q\u0131z\u0131l\u0131n qiym\u0259tinin g\u0259l\u0259c\u0259k istiqam\u0259ti v\u0259 dal\u011falanmalar\u0131n s\u0259b\u0259bl\u0259ri il\u0259 ba\u011fl\u0131 suallar\u0131 aktualla\u015fd\u0131r\u0131r.<\/p>\n \u0130qtisad\u00e7\u0131 Xalid K\u0259rimli<\/strong>\u00a0m\u00f6vzu il\u0259 ba\u011fl\u0131\u00a0Musavat.com<\/strong>-a fikrini b\u00f6l\u00fc\u015f\u00fcb.<\/p>\n Onun s\u00f6zl\u0259rin\u0259 g\u00f6r\u0259, g\u00fcnd\u0259lik d\u0259yi\u015fiklikl\u0259r bazar\u0131n \u00fcmumi m\u0259nz\u0259r\u0259sini tam izah etmir:<\/strong><\/p>\n \u201cG\u00fcnd\u0259lik d\u0259yi\u015fiklikl\u0259r \u00e7ox \u015feyi izah etmir. \u018fsas trend bir ne\u00e7\u0259 ayl\u0131q d\u0259yi\u015fiklikl\u0259rd\u0259 \u00f6z\u00fcn\u00fc g\u00f6st\u0259rir. Bu g\u00fcn dan\u0131\u015fd\u0131\u011f\u0131m\u0131z m\u0259s\u0259l\u0259 sabah da d\u00fc\u015f\u0259 bil\u0259r, yaxud iki saat sonra da. Birjada saniy\u0259-saniy\u0259 qiym\u0259tl\u0259r formala\u015f\u0131r v\u0259 bu bax\u0131mdan q\u0131sam\u00fcdd\u0259tli dal\u011falanmalar normald\u0131r. Ona g\u00f6r\u0259 d\u0259 ad\u0259t\u0259n g\u00f6st\u0259ricil\u0259r t\u0259qdim olunanda illik statistikaya \u0259saslan\u0131rlar. Treyderl\u0259r \u00fc\u00e7\u00fcn maraql\u0131 olan m\u0259qam da m\u0259hz budur\u201d.<\/p>\n \u0130qtisad\u00e7\u0131n\u0131n fikrinc\u0259, q\u0131z\u0131l\u0131n qiym\u0259tinin artmas\u0131n\u0131n \u0259sas s\u0259b\u0259bi qlobal qeyri-m\u00fc\u0259yy\u0259nlik v\u0259 g\u0259rginlikdir:<\/strong><\/p>\n \u201cX\u00fcsus\u0259n d\u0259 Tramp hakimiyy\u0259t\u0259 g\u0259ldikd\u0259n sonra bu qeyri-m\u00fc\u0259yy\u0259nlik daha da artd\u0131. Tramp\u0131n xarakterind\u0259 impulsivlik var, s\u0259rt add\u0131mlar at\u0131r v\u0259 bu da bazarlarda \u0259lav\u0259 risk yarad\u0131r. Onun hakimiyy\u0259t\u0259 g\u0259li\u015find\u0259n sonra AB\u015e-nin \u00c7inl\u0259 m\u00fcnasib\u0259tl\u0259ri k\u0259skin \u015f\u0259kild\u0259 pisl\u0259\u015fdi, ticar\u0259t m\u00fcharib\u0259l\u0259ri ba\u015flad\u0131. Bir fakt\u0131 qeyd edim: son bir il \u0259rzind\u0259 q\u0131z\u0131l\u0131n qiym\u0259ti t\u0259xmin\u0259n 69 faiz art\u0131b. \u0130lin \u0259vv\u0259lind\u0259n indiy\u0259 q\u0259d\u0259r is\u0259 art\u0131m 70\u201371 faiz\u0259 yax\u0131nla\u015f\u0131b. Bu da onu g\u00f6st\u0259rir ki, bir il \u0259rzind\u0259 q\u0131z\u0131l\u0131n qiym\u0259ti t\u0259xmin\u0259n 70 faiz bahala\u015f\u0131b\u201d.<\/p>\n Xalid K\u0259rimli qeyd edib ki, qar\u015f\u0131dak\u0131 d\u00f6vrd\u0259 d\u0259 art\u0131m g\u00f6zl\u0259ntil\u0259ri qalmaqdad\u0131r:<\/strong><\/p>\n \u201cD\u00fczd\u00fcr, arada 5\u201310 faizlik dal\u011falanmalar ola bil\u0259r, amma \u00fcmumi tendensiya yen\u0259 d\u0259 art\u0131m y\u00f6n\u00fcml\u00fcd\u00fcr. Art\u0131m\u0131n \u0259sas s\u0259b\u0259bi g\u0259rginliyin artmas\u0131d\u0131r \u2013 h\u0259m ticar\u0259t, h\u0259m h\u0259rbi, h\u0259m iqtisadi, h\u0259m d\u0259 siyasi g\u0259rginlikl\u0259r. D\u00f6vl\u0259tl\u0259rin bir-birin\u0259 sanksiyalar t\u0259tbiq etm\u0259si bu prosesi daha da g\u00fccl\u0259ndirir. M\u0259hz buna g\u00f6r\u0259 q\u0131z\u0131l \u2018t\u0259hl\u00fck\u0259siz yast\u0131q\u2019 hesab olunur\u201d.<\/p>\n \u0130qtisad\u00e7\u0131n\u0131n s\u00f6zl\u0259rin\u0259 g\u00f6r\u0259, AB\u015e il\u0259 \u00c7in aras\u0131nda r\u0259qab\u0259t, Rusiyaya qar\u015f\u0131 t\u0259tbiq edil\u0259n sanksiyalar v\u0259 b\u0259zi \u00f6lk\u0259l\u0259rin valyuta ehtiyatlar\u0131n\u0131n dondurulmas\u0131 q\u0131z\u0131l al\u0131\u015flar\u0131n\u0131 s\u00fcr\u0259tl\u0259ndirib. Bu s\u0259b\u0259bd\u0259n Az\u0259rbaycan, T\u00fcrkiy\u0259, Rusiya, \u00c7in, Hindistan v\u0259 Braziliya kimi \u00f6lk\u0259l\u0259r aktiv \u015f\u0259kild\u0259 q\u0131z\u0131l alaraq ehtiyatlar\u0131n\u0131 \u015fax\u0259l\u0259ndirirl\u0259r. M\u0259qs\u0259d sabitlik yarand\u0131qdan sonra bu ehtiyatlar\u0131 yenid\u0259n valyutaya \u00e7evirm\u0259kdir.<\/p>\n K\u0259rimli bildirib ki, q\u0131z\u0131l\u0131n bahala\u015fmas\u0131nda ikinci \u0259sas faktor faiz d\u0259r\u0259c\u0259l\u0259rinin a\u015fa\u011f\u0131 sal\u0131nmas\u0131d\u0131r:<\/strong><\/p>\n \u201cAB\u015e-d\u0259 Tramp hakimiyy\u0259t\u0259 g\u0259ldikd\u0259n sonra ucuz faiz siyas\u0259tini a\u00e7\u0131q \u015f\u0259kild\u0259 d\u0259st\u0259kl\u0259yir v\u0259 bu m\u00f6vqe zaman-zaman m\u0259tbuatda da \u0259ksini tap\u0131r. May ay\u0131nda Jerome Powellin v\u0259zif\u0259d\u0259n ged\u0259c\u0259yi g\u00f6zl\u0259nilir. Son d\u00f6vrd\u0259 FED faiz d\u0259r\u0259c\u0259l\u0259rini m\u0259rh\u0259l\u0259li \u015f\u0259kild\u0259 endirir. G\u00f6zl\u0259nti ondan ibar\u0259tdir ki, Powell getdikd\u0259n sonra Tramp\u0131n t\u0259yin ed\u0259c\u0259yi yeni r\u0259hb\u0259rlik faizl\u0259rin daha da a\u015fa\u011f\u0131 sal\u0131nmas\u0131n\u0131 d\u0259st\u0259kl\u0259y\u0259c\u0259k\u201d.<\/p>\n \u0130qtisad\u00e7\u0131 \u0259lav\u0259 edib ki, Tramp\u0131n bax\u0131\u015f\u0131na g\u00f6r\u0259, faiz d\u0259r\u0259c\u0259l\u0259ri 2\u20132,5 faiz aral\u0131\u011f\u0131nda olmal\u0131d\u0131r v\u0259 proses bu h\u0259dd\u0259 do\u011fru gedir. \u0130nflyasiyan\u0131n azalmas\u0131 v\u0259 siyasi t\u0259\u015fviql\u0259r fonunda faizl\u0259rin endirilm\u0259si dollar\u0131n ucuzla\u015fmas\u0131na, bu is\u0259 q\u0131z\u0131l\u0131n qiym\u0259tinin artmas\u0131na s\u0259b\u0259b olur:<\/strong><\/p>\n \u201cY\u0259ni q\u0131z\u0131l\u0131n bahala\u015fmas\u0131n\u0131n \u0259sas s\u0259b\u0259bl\u0259ri m\u0259hz bunlard\u0131r\u201d.<\/p>\n Afaq Mirayiq,<\/strong>![\"WhatsApp](\"https:\/\/cdn.musavat.com\/news\/images\/Ayten\/WhatsApp%20Image%202025-12-22%20at%2015.32.11.jpeg\")
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\nMusavat.com<\/strong><\/p>\n<\/div>\n