Gold and Money Markets Specialist Islam Memiş, who had predicted correctly that a collapse would occur in the markets and thought that gold would rise in the long run, surprised him with his latest comment. The expert suggested that those who did not buy in the precious metal, which has experienced a recent pullback, are “doing well”. We convey the details…
Surprising golden interpretation of Islam Memiş
Gold and Money Markets Specialist İslam Memiş has been on the agenda for a while with his comments on precious metals. In the last weeks of 2021, Islam Memiş, who was on the radar of investors when he correctly predicted that grams of gold, which exceeded 1,000 liras, and the dollar, which saw the level of 18, would fall, surprised him with his latest comments.
The expert, who shared on his Twitter account, said, “Gold gold is 785 lira, gram silver is 9.87 lira, after the latest decline in gram gold and silver. Those who did not buy it when it was over 800 and 10 liras did well.” cryptocoin.com As we have previously reported, these two precious metals fell after the US Federal Reserve’s (FED) statements on January 26. First of all, the price of gram gold, which is thought to have been affected by the withdrawal of approximately 60 dollars per ounce, decreased from 800 lira to 785 lira.
Well, what happened on January 26, which Islam Memiş has also emphasized as a date that should be noted since the beginning of January? FED announced the highly anticipated policy rate decision and kept the rate constant in the range of 0-0.25. In its text for this decision, the FED emphasized the month of March for the rate hike.
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