Current Predictions from the Oracle of Gold: Awaiting These Levels!

The gold price started to delight investors with its upward momentum in the last 2 days. What are the expectations for the rising gold markets? The striking predictions of the expert name Islam Memiş cryptocoin.com We have compiled for its readers…

What levels are expected for gold prices?

Investors in Turkey, especially, are thinking about what will happen now, especially with gram gold rising to 571 liras and breaking a record. According to Gold and Money Markets Specialist İslam Memiş, the point to be considered in grams is ounce prices. At the time of writing, the price of gold is changing hands at around $1,824 an ounce. According to the expert, the precious metal will continue its upward movement if it exceeds $ 1,834. However, if this level is not exceeded, the price of gold is in danger of falling to $ 1,750. He points out that this decrease may also be reflected in grams of gold.

Memiş also emphasized the importance of the Monetary Policy Committee (PPK) meeting of the Central Bank of the Republic of Turkey for gold. According to Memiş, the decisions to be taken at the MPC meeting will play a major role in the price of the precious metal. The expert pointed out that after the central bank statements, the situation would turn into a situation such as “where the dollar is where the precious metal is going”. The Central Bank’s November interest rate decision, emphasized by Memiş, will be announced on November 18, that is, next week. It is thought that after this decision, it will become clear whether the CBRT will increase interest rates.

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