Economist Predicts The Bomb For Gold Prices: These Peaks!

Islam Memiş, who came to the fore many times with gold valuations, commented on the ounce and gram price of gold in his latest statements. So, in which direction will gold prices go according to Islam Memiş? Which peaks can be seen? We share the details as…

Important predictions for gold prices from an expert name

Gold and Money Markets Specialist İslam Memiş shared his comments on gold, which has delighted investors with its rise in the past weeks, but has recently experienced a sharp decline. The expert stated that inflation pricing for the ounce price of gold will only begin to be seen. He said this means that gold is persistent above the $2,000 level. According to Memiş, the factors supporting the rise in gold are the dollar/TL rate, the rise in the dollar index, and the increase in physical demand.

Drawing attention to the correlation between the dollar and gold, Memiş stated that “if there is a decrease in the dollar/TL rate until the end of the year”, it will be a “buy gold” alarm. The Gold and Money Markets expert says that the gram price of gold may rise up to 800 lira in 2022. Finally, the analyst states that with the rise of gold, it is no longer a gift and savings tool, but a luxury. Even though ounce gold has returned from around $1,860 to levels above $1,800, gram gold continues to rise. The gram price of gold is changing hands at 698 liras with an increase of 5.4 percent at the time of writing. On the other hand, gold is trading at $1,800 an ounce, down 0.3 percent.

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