Gold prices rose throughout the day. The ounce of gold, which closed yesterday at $1,754, started today around $1,760 and went up to $1,764 during the day. Meanwhile, Beste Uyanık, an economist who shared her comments, stated that she did not expect sudden increases in gold.
Economist Beste Uyanık shared his prediction for gold prices
cryptocoin.com As we also reported, gold prices rose on Tuesday, fueled by fears of rising inflation plaguing financial markets, despite concerns about the US Federal Reserve cutting limited monetary policy gains. Meanwhile, economist Beste Uyanık, who commented on the next move of precious metal in a video she shared on YouTube, shared with the audience that she did not think there would be a sudden rise in gold. Beste Uyanık said, “I do not expect sudden increases in gold prices by the end of the year. Gram sixths, the level due to the increase in the dollar is in place. It is useful to keep it,” he said.
Beste Uyanik is not the only analyst predicting a decline. ABN AMRO expects gold to end this year at $1,700 and next year at $1,500 an ounce. “Gold prices have dropped 7.5 percent so far this year,” said Georgette Boele, senior precious metals strategist at ABN AMRO in a report. Gold price outlook remains negative. “We maintain our year-end forecast at $1,700 per ounce and our year-end 2022 forecast at $1,500 per ounce.”
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