Gold and Money Markets Specialist İslam Memiş came to the agenda with his new forecasts for gold prices. The expert name pointed to the gram price of gold at 1,450 liras.
New gram gold forecast from Islam Memiş
Cryptocoin. com, in the last weeks of December, the dollar reached 18 liras and gold exceeded 1,000 liras. After the exchange-protected TL deposit system announced by President Erdoğan, prices slightly improved. While gram gold was closing the week at around 800 liras, Islam Memiş suggested that a gram gold level of 1.450 liras could be seen.
Islam Memiş, who stated that he did not recommend purchasing over 800 liras before, and that around 720-750 liras is suitable for purchase, thinks that there will be no purchase levels these days. Looking at the long-term, he thinks that there will be an increase in grams throughout the year and the price will go up to 1,450 liras. He points out that the declines are limited due to the fact that gram gold also receives support from the dollar rate.
According to the expert, who also stated that they think about ounce of gold, it is 1, 790-1 in the short term. This band is pretty tight in the precious metal, which is trading in the $835 range. He thinks that the price of an ounce of gold may exceed $ 1,835 in the future. He also mentions that ounce of gold does not price inflation in 2021, therefore, increases in the dollar rate, which will be behind the US Federal Reserve, can be seen in the summer months. Stating that this situation points to 1.450 liras in gram gold prices, he states that he will follow the said level as a resistance level until the end of the year.