Haluk Özdil, who predicted that 650 liras, 800 liras and 1,000 liras will be seen in the gram gold price, and predicted the market collapse that followed, came to the fore with his new comments. Author Cem Özüak also shared his thoughts on precious metal. cryptocoin.com As a strategist and researcher, we convey the views of the author…
How does the tension between Ukraine and Russia affect the gold markets?
The price of gold rose to about $1,950 an ounce on Thursday after Russia launched military action against Ukraine. Traded at $1,890 on Wednesday, it rose sharply in the morning in response to Russia’s air, sea, ground and cyber attack on Ukraine. Explosions were reported in several Ukrainian provinces, including the capital, Kiev, early Thursday, after Russian President Vladimir Putin announced that he had launched a “special military operation” in the Donbass region.
The Russian Ministry of Defense announced in the morning that Ukraine is using “high-precision weapons” to disable air defense systems, military airfields and air force. The price of an ounce of gold had exceeded $2,050 in August 2020 due to the impact of the COVID-19 pandemic and was close to its peak. In light of recent events, gold looks pretty close to its peak.
Haluk Özdil, in his recent statement, described the price of gold exceeding $ 1,900 per ounce as the breaking point. Emphasizing that it will go to $ 2,000, the expert said that if China also enters Taiwan, gold will “go up”.
Will the price of gold continue to rise?
Author Cem Özüak, on the other hand, states that even when things become normal with Russia’s move towards the Donbass region and beyond, gold will no longer price this situation. Because he states that gold is pricing instability right now. On the other hand, Ozuak also evaluated the possibility of China’s invasion of Taiwan and stated that the rise in gold would continue in this case. He says that even if there is no war, the precious metal will gain momentum due to inflation. Stating that gram gold will also gain value due to the rise of the dollar and ounce of gold, he says he “does not foresee a decrease”. “This will be the year of gold,” he concludes his analysis.
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