While gold prices are flat, investors are wondering about the next move of the precious metal. In this article, we will convey the forecasts of two experts for gram gold. Gold and Money Markets Expert, İslam Memiş, and Economy Expert, Tunç Şatıroğlu, predicts a rise in the precious metal. Before we start the article, it is worth noting that gram gold is currently under 1,000 liras, at 989 liras. Here are the details…
Islam Memiş announced the next ones for gram gold, dollar
cryptocoin.com As we have also reported, Gold and Money Markets Specialist İslam Memiş, who has come to the fore with his accurate predictions about gold in the past periods, conveyed his new expectations. Islam Memiş evaluated gram gold, dollar, stock market and euro by first looking at numerical values. He stated that the stock market was above his expectations at 3553 points. He pointed out that the dollar/TL displayed a positive outlook. He stated that the important data for this asset is the US inflation data announced last week. He also pointed out that the risk of recession in the USA has increased significantly. He emphasized that the FED will continue to increase by 75 basis points.
According to the expert, these figures show us the impasse in the global markets. He states that with the ounce price of silver and the decline in cryptocurrencies, the pressure has grown and the ounce price of gold has been drawn hard. He said gold came to $1,666 an ounce, invalidating “trap pricing”. Islam Memiş also pointed out that gold will be “suppressed”.
In his statements about the ounce price of gold, he pointed to the changes in the US Dollar Index (DXY). The declines in the index caused a rise in precious metals. He states that he is following 1.008-1,014 liras in the free market under grams. It says it follows the band gap of 1.005 on the downside and 1.055 pounds on the upside. Lastly, İslam Memiş stated that the CBRT attaches importance to gold purchases. “I care about Turkey’s move on this issue as well. The accumulation of reserves in gold is a very useful stock in 2023,” he added.
Tunç Şatıroğlu shared his gold forecast
On the other hand, economics expert Tunç Şatıroğlu conveyed his expectations for the precious metal. In addition to the precious metal forecast, the expert also conveyed how to act in the market. Şatıroğlu shared his prediction for gold in his latest post. He stated that he thinks gold investors will win with his social media account.
Şatıroğlu stated that the gram gold forecast is at the level of 1.132 liras. Apart from this, Şatıroğlu shared his analysis of the stock markets and warned. “Trying to make money with a few days’ trades is a high-risk business, even with risk management. It is generally preferred by people who do not know or do not want to learn fundamental analysis.
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