# Falling Dollar Rises in Turkey: Gold, Silver and Bitcoin Surge

> Early US midterm results showing Democrats gaining in both chambers pushed gold and silver sharply higher and weakened the broad dollar index. The Turkish lira nonetheless hit record lows against the dollar, with the rate crossing 50 lira per dollar.

- Date: 2026-11-04 · published 2026-11-04T12:10:40.289Z
- Category: macro · region Turkey · magnitude low
- Page: https://feedsoft.ai/events/79657-falling-dollar-rises-in-turkey-gold-silver-and-bitcoin-surge
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Turkish Lira (TRY per USD)](https://feedsoft.ai/c/USDTRY.md)

## Why it matters

Dollar weakness globally is offset by lira depreciation, keeping Turkish feed import costs high even as international commodity prices ease.

## Read by commodity

- DXY: bearish ▼
- USDTRY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-26 | [The US dollar is tanking! What it means for gold, copper, Bitcoin, and the global economy](https://feedsoft.ai/events/24110-the-us-dollar-is-tanking-what-it-means-for-gold-copper-bitcoin-and-the-global.md) | -0.9% | -0.6% |
| DXY | 2024-09-19 | [Sterling rises vs dollar after Fed; BoE in focus \| Reuters](https://feedsoft.ai/events/28566-sterling-rises-vs-dollar-after-fed-boe-in-focus-reuters.md) | -0.1% | +2.1% |
| DXY | 2026-07-30 | [Gold rises on weaker U.S. dollar, soft inflation data](https://feedsoft.ai/events/18260-gold-rises-on-weaker-u-s-dollar-soft-inflation-data.md) | -1.2% | -1.9% |
| DXY | 2017-12-29 | [Dollar falls to end worst year since 2003, bitcoin soars](https://feedsoft.ai/events/67391-dollar-falls-to-end-worst-year-since-2003-bitcoin-soars.md) | -1.1% | -3.1% |
| DXY | 2025-11-25 | [Dollar Tumbles and Gold Rallies on Improved Fed Rate Cut Chances](https://feedsoft.ai/events/21880-dollar-tumbles-and-gold-rallies-on-improved-fed-rate-cut-chances.md) | -0.6% | -1.8% |

## Sources

- sozcu.com.tr: https://www.sozcu.com.tr/abd-deki-secim-ruzgari-piyasalari-vurdu-altin-ve-dolar-hop-oturup-hop-kalkiyor-p375798

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.