Gold and Money Markets Specialist İslam Memiş came to the fore with his assessments on the market. Expert name; He shared his predictions and advice about the dollar, cryptocurrency exchanges and gold. Here are the details…
Islamic Memis; shared gold, crypto and dollar predictions
cryptocoin.com As we have previously reported, İslam Memiş drew attention to the dollar exchange rate, the gray list of Turkey by the FATF and the ambassador crisis as developments affecting the markets last week. After these developments, gram gold rose above 560 liras and signaled that investors are looking for a safe haven. However, according to the expert, in such chaotic environments, one should not buy with panic. Memiş said, “I do not see it appropriate to buy dollars and commodities at high prices”.
Emphasizing the statements of CBRT Chairman Kavcıoğlu at the inflation meeting, he said that he thinks the way for the dollar rate is clear. Stating that the CBRT, FED and UCB admitted to the persistence of inflation, Memiş said, “People continue to get poorer all over the world.” The expert also touched on the issue of crypto money and stated that he “expects a big drop” in this asset area.
Finally, he shared his predictions for the precious metal, pointing out that the gold price could not catch the upward momentum. According to the analyst, the price of an ounce of gold will stand between $ 1,780 and $ 1,808. “They will do a bottom operation,” said the expert, and that this depends on the Fed’s statements; He stated that if the Fed follows a soft monetary policy, the price of an ounce can reach $ 1,830.
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