In the past weeks, there have been many developments affecting the price of both ounce and gram gold. The most important of these was the meeting of the US Federal Reserve (FED). After the meeting, the Fed announced that it was keeping interest rates steady, and the price of gold fell sharply by almost $60 an ounce. The decrease in the ounce price of gold was also reflected in the gram part, and it fell below the 800 lira level. So what to expect now? cryptocoin.com We, as Financial Consulting Co-founder, convey the comments of Murat Özsoy…
What’s next for the gold price? Murat Özsoy explained
Ounce gold fell after the Fed’s statements. Since the meeting on January 26, 2022, the precious metal’s price has lost close to $60 an ounce. It is thought that the price change of ounce gold also affects gram gold. Meanwhile, Biz Financial Consulting Co-Founder Murat Özsoy announced that he predicts the price movements of gold will be critical especially for the second half of 2022. So, what can happen in the second half of 2022?
Although the Fed did not change its interest rate decisions at its meeting held in January, it pointed out that a rate change would be made in March. Özsoy also said that he thinks inflation will ease after the Fed’s interest rate decisions. Özsoy stated that it is difficult to say that unless the ounce price of gold does not exceed $ 1,818, it is in a cycle dominated by the rise. On the other hand, the expert pointed to $1,792 as the support level. Ounce gold is trading at $1,792, exactly at the support level Özsoy stated at the time of writing.
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