Gold and Money Markets Specialist İslam Memiş continues to convey his comments on gold and crypto money. First of all, the expert drew attention to the importance of inflation data coming from the USA and conveyed his near-term thoughts on how this situation could affect the two markets. On the other hand, he argues that those who invest by thinking about the gram price of gold are “wrong”. cryptocoin.com We convey the details as…
Islam Memiş: There may be profit sales in cryptocurrencies
Stating that the markets are focused on the inflation figures that will be announced on Thursday, İslam Memiş estimates that the new data will be around 7.3. Pointing out that inflation pricing and the rise in the dollar index negatively affect the precious metal, the expert thinks that the course of the dollar will be of great importance as a result of the expected high inflation.
With the expectation of an increase in the US dollar index, Islam Memiş; He thinks there may be profit sales due to the rise in ounce gold and silver, crypto currencies, euro/dollar, pound/dollar assets. He states that the upward trend of the markets can be continued in the last weeks of February, but warns that attention should be paid to the short-term second decline in cryptocurrencies as investors exit the dollar after inflation statements.
What should be the right move for gold investment?
Gold and Money Markets Specialist, who made more detailed comments on gram gold, conveyed what should be done, implying that those who invest with gram-focused thinking are “wrong”. While he continues to point to the inflation data in the USA as the reason for the tightness in the markets, he states that the US Federal Reserve will guide the market with rhetoric until its meeting in March, therefore the forecast for a decrease in ounce gold and silver prices continues.
In terms of investment, he thinks that those who continue on gram gold do “wrong”, those who go over parity do “right”. Islam Memiş also says that those who invest in a single asset do “wrong”, and those who diversify in their basket do “right” and uses the following expressions:
The dollar appreciates due to the Fed, but the parities do not follow this process silently. There may be a lot of noise in the Fed and a lot of action in parities. The importance of parities in the basket and the importance of trading with parity are increasing day by day.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.