During the next week, the meetings of the US Federal Reserve (FED) will be on the radar of investors. The FED, which announced that it will raise interest rates early in the last meeting of 2021, is expected to increase interest rates this time. It is thought that many investors are watching the results of this meeting without taking positions in the gold markets. Prior to these announcements to be made on January 26, Gold and Money Markets Specialist İslam Memiş shared his thoughts on the precious metal. cryptocoin.com We share the details as…
Gold and Money Markets Expert: The rise of gram gold will be limited
Drawing attention to the importance of the FED’s statements, İslam Memiş noted that after the FED’s decision, gram gold will experience a limited rise. He says that gram gold fell to 785 liras as a result of the retreat in the dollar rate, and then rose to 790 liras with the rise in the dollar. The expert, who predicts that gold may settle in the range of 780-820 liras after the FED decision, thinks that the increase in the value of grams will be limited as a result of the retreat under ounce.
Islam Memiş, who says that investors can buy 25 percent of a gram of gold in their basket, still says that this should not be rushed. He states that after the FED meeting, an ounce of gold will break down or up and move in the range of $1,790-1,830. However, he thinks this move will be on the downside. Estimating that an ounce of gold may regress up to $ 1,750, the expert states that it will therefore be easier to buy gold with dollars. Meanwhile, the price of ounce gold closed Friday at $1,829 and gram gold at 790 lira.
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