Money markets research manager Seda Yalçınkaya shared her expectations for gram gold and ounce gold. He shared his thoughts on what affects precious metal prices and determined the critical levels to be followed. Cryptocoin. com we are examining the details…
The expert examined gram gold and ounce gold
Money Markets Research Manager Yalçınkaya stated that an ounce of gold remained around $ 1,800, and said that the Omicron variant affected the price in the short-term, and that the rise was limited in the long-term as the conditions were under control. In general, cases such as the Omicron variant, coronavirus lead people to safe-haven assets such as gold.
On the other hand, the expert, who thinks that there is a complacency and volumelessness in the markets at the beginning of the year, draws attention to the fact that gold prices may change as a result of the US Federal Reserve’s monetary policy statements in the coming days. He thinks that the sideways movement continues in the gold price per ounce, and if it continues to trade above the $1.795 level, $1,830, $1,850 may be challenged. He highlights that a new uptrend can be seen if $1,850 is breached.
Seda Yalçınkaya, finally, conveyed the gram gold estimates. He thinks that gram gold is affected by the dollar/TL rate, and if the levels are above 675 liras, an upward movement towards 770 liras may occur. We state that if the dollar/TL parity stays above the level of 11.7 liras, grams of gold may rise even more, but if it falls below this level, 675 liras may be lost. The gram price of gold closed 2021 above 750 liras.