Ounce of gold, which fell with the release of the minutes of the US Federal Reserve (FED), spends the last trading day of the week at around $ 1, 790. So how does gram gold perform? What’s next? Cryptocoin. com, we convey the evaluations of the experts…
Expectations for gold price announced: Attention is drawn to the next week
Gold and Money Markets Specialist Mehmet Ali Yıldırımtürk, in a TV program he attended, pointed out that the ounce price of gold had decreased with the publication of the Fed minutes, but since the beginning of the month, gold has been moving in a price range of 30-40 dollars. Toward this, he pointed to the possibility that people were not yet back from the Christmas holidays. Therefore, the expert may think that we can see a more lively market next week. Stating that gold may rise after the general situation returns to normal, Yıldırımtürk said that in line with the Fed’s statements, economic uncertainties will have disappeared to some extent.
Yıldırımtürk pointed out that there is a contraction in liquidity due to the currency-protected TL deposit system in our country next week. He also states that in line with the expectation of an increase in inflation and new statements from the CBRT and the economic administration, there may be movement in foreign exchange. Therefore, underlining that “the main market will start next week”, the expert name explains that “fluctuations in gold and dollar/TL” cause changes in prices.
Investment advice against inflation
On the other hand, economist Hatice Kolçak thinks that people can invest in gold against inflation. Stating that precious metal is the biggest hedge against inflation, the economist thinks that precious metals can be purchased gradually, considering the ounce gold and dollar/TL parity. However, he says that this explanation is for a long-term investment, not a short-term investment. At the time of writing, the price of gram gold is traded at 797 liras, while an ounce of gold is at the level of 1,792 dollars.