Gold prices started the last trading day of the week under 800 lira. There are many comments about what levels the gram gold will see in the coming period, which has changed hands from 794 liras at the time of writing. One of the commentators on the market was Gold and Money Markets Specialist Islam Memiş. cryptocoin.com We are giving the details as…
Gram and ounce gold forecasts from Islam Memiş
In the last weeks of 2021, the dollar exceeded 18 liras, while gram gold exceeded 1,000 liras. Following President Erdogan’s announcement that new economic instruments would come into operation, the volatility in the market broke down a bit and gold fell to 600 liras. However, under the gram, which has changed hands from around 800 lira since the beginning of 2022, experts expect a rise throughout the year.
Explaining one by one what he expects in precious metal prices in terms of ounces and grams, Money Markets Specialist İslam Memiş drew attention to AD Central Bank, inflation and interest rate increase policies. In addition to these, the expert also announced the levels he expected. The expectations of the expert are explained one by one in the list below:
- According to Memiş, who thinks that ounce of gold is having a bad time in 2021, a war will start between the US Federal Reserve and gold in 2022.
- An ounce of gold will price inflation.
- Investors will want to buy precious metals, seeing that the inflation data are rising.
- There will be a precious metal-dollar war as the Fed constantly increases interest rates to suppress gold. Memiş thinks that an ounce of gold could test $1,960-2,000.
- He predicts that the rise of ounce gold and the increase in the value of the dollar with the Fed’s interest rate decision may carry gram gold to the level of 1,450 lira.
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