Gold prices did not perform as well as 2020 in 2021. Among the factors that triggered this year’s decline are the rise in US 10-year bond yields and the increase in the dollar index. Last year, the price of gold was at record levels of $2,075 an ounce, while this year, the maximum was $1,959. So what will we see next year? Cryptocoin. com
As , we convey the analyzes of 3 analysts…
Economists and advisors’ comments for 2022: What do they say about gold prices?
Tera Investment’s Chief Economist Enver Erkan states that an ounce of gold can be evaluated on the Fed axis, but points out that factors other than the Fed may be positive factors for gold. Thinking that the technical trend is also beneficial for the precious metal, Erkan emphasizes that the market may face a dilemma with the tightening of the Fed policy. He states that the movement of gram gold will be directly linked to the dollar.
Baştürk Financial Consulting Founder Rıdvan Baştürk says that when we compare 2020 and 2021, there is a 4% loss. According to the expert, who stated that the ounce of gold fell to around 1.680 and exceeded 1.900 dollars throughout the year, the year passed in this range in general. According to experts, an ounce of gold can be seen in 2022, which is under pressure due to macro factors.
Finally, economist Selçuk Geçer continued to make predictions for precious metals and dollars. He claims that the dollar will close in the 13-14 lira range and the rise will continue throughout January. He states that he does not see any reason why gold should not rise. He draws attention to January 3-22, the important date during January, and February 14-15, when the Fed will announce decisions.