Gold and Money Markets Specialist İslam Memiş came up with his new forecasts for gold prices. The expert name pointed to the price of 1,450 lira per gram of gold.
New gram gold forecast from Islam Memiş
cryptocoin.com As we have also reported, in the last weeks of December, the dollar reached 18 liras and gold exceeded 1,000 liras. After the exchange-protected TL deposit system announced by President Erdoğan, the prices slightly improved. While gram gold closed the week at around 800 liras, Islam Memiş suggested that 1,450 liras can be seen under grams.
Stating that he did not recommend purchasing over 800 liras before, and that 720-750 liras is suitable for purchase, İslam Memiş thinks that there will not be levels to buy these days. Looking at the long-term, he thinks that there will be an increase under grams throughout the year and the price will go up to 1,450 liras. He points out that the declines are limited due to the fact that gram gold also receives support from the dollar rate.
According to the expert, who also stated that they think about ounce gold, this band is quite tight in the precious metal, which is traded in the range of 1,790-1,835 dollars in the short term. He thinks that the price of an ounce of gold may exceed $ 1,835 in the future. He also mentions that an ounce of gold does not price inflation in 2021, so increases in the dollar rate, which will be behind the US Federal Reserve, can be seen in the summer months. Stating that this situation points to 1,450 liras in gram gold prices, he states that he will follow the said level as a resistance level until the end of the year.
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