Gram gold entered the last trading day of the week at very high levels. At the time of writing, the precious metal is changing hands at 790.7 liras. Meanwhile, a four-digit forecast for the gold price came from an expert. cryptocoin.com We share the details as…
Haluk Özdil shared his expectations for the gold price
Strategist Haluk Özdil commented on the gold price. Özdil stated that he expects a very serious increase in gold prices within 3 days. According to the analyst, the precious metal may exceed the 800 lira level in 3 days. Considering the value at the time of writing, there is a price movement of 10 liras to this point. Özdil also commented on the possibility of gold to become 1,000 liras, stating that he thought this rise was due to the US Federal Reserve meeting. According to the strategist, Fed Chairman Powell’s interest rate statements are of serious importance. Özdil said that a decision to increase interest rates may come. He pointed out that Powell expects a correction towards the middle of 2022.
Emphasizing the importance of December 15, Özdil said that if the decision to increase the interest rate comes, he thinks that gram gold, which he expects to exceed 800 lira, will rise to 1,000 lira. He pointed out that the price movements under ounce will also be effective behind this rise. The expert said, “Immediately after the FED, the Central Bank has a plan to reduce interest rates. As this will affect the dollar, it will increase the rise of gold. Especially after 18 December, it will move towards 1000 liras,” he said. Meanwhile, another expert name, İslam Memiş, said that the rise in grams is a “foam increase”, so there may be a pullback towards 750, 720 liras in the coming weeks.
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