Gold and Money Markets expert, İslam Memiş, who has been on the agenda with gold forecasts before, shared important developments and comments on the price of the precious metal. Here are the details…
Islam Memiş: These support gold prices
cryptocoin.com Islam Memiş, whose predictions we share as; He thinks that the global inflation concerns, the increasing uncertainties about the global economy, the talk about taking quarantine measures again with the increase in the number of cases as a result of the epidemic, and the disruptions in the supply chain affect the gold price. When it comes to his forecast for gold, he argued that if an ounce of gold falls below $1,800 would not be long-term, he said that until the tenth of this year, the gold price will price inflation.
Drawing attention to the recent rise in gram gold, Memiş stated that gold received support from both ounces of gold and the dollar rate, and that those who bought gram gold laughed in 2021; He said that gram gold made a premium of 50 percent this year. The price of gram gold, which was 450 liras at the beginning of the year, broke the record with 674 liras. According to the name of the expert pointing to these data, this return of 223 liras in 11 months is at a very serious level. However, he states that there may be a technical correction under grams, so these record levels may not be permanent. He talks about the effect of possible decreases in exchange rates for this change.
The expert name, who draws attention to the downside 600, 615 and 630 liras for the value of gram gold; He said current record levels are not suitable for buying. He reiterated the need for the precious metal’s correction, noting that foam is forming at these current levels. However, he made a statement that 750 liras could be in question for 2022. He also stated that investors should not rush to sell, that the upward trend may continue in the next year, and that they aim for a 40 percent rise.
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