Due to the changes in gold prices, market analysts and economists updated their forecasts. Well-known economists Hatice Kolçak and İslam Memiş announced their forecasts for gold prices and warned investors. As Kriptokoin.com, we convey the opinions of analysts and market evaluations.
Analyst thinks that gold prices will rise rapidly after this development
Gold and money markets expert Islam Memiş had previously announced the levels he saw as buying opportunities for gold prices. . Saying that he thought that gram gold would be 1000 TL at the beginning of June, Islam Memiş announced that these levels would rise to 1200 TL in July. Pointing out that the rise in gold will be gradual, not sudden, like many economists, İslam Memiş had revised his year-end gold forecast to 1450 TL after the latest developments. In this context, Islam Memiş, who gave important tips to the gold investor in terms of the decline in gold in April, stated that it would be more appropriate to close the borrowings on gold and exchange rates before June and to enter into borrowings in TL as of this month. The expert, who also spoke about the dollar, implied that the US Federal Reserve’s (FED) interest rate decisions caused the rise in the dollar. As it is known, the inverse correlation between the dollar and gold can cause gold to pause or regress when the dollar is on the rise.
Economist Hatice Koçak, who made a name for herself with her successful analyzes and predictions, announced her gold forecasts for the new week. Like Islam Memiş, the expert name, who also gives dates for the purchase and sale of gold, added a new one to his weekly evaluations. Economist Hatice Kolçak made important statements about the prices of gold. In the light of the latest developments, the expert, who conveyed his views to investors about gold and the market, continued his explanations on his Youtube channel. Hatice Kolçak reminded investors that gold is a long-term investment tool. Hatice Kolçak, who stated that she expected a gradual increase in the following processes, like many economic people, stated that ounce of gold will recover itself as inflation figures will be permanent in the long run. For this reason, Hatice Kolçak stated that we will observe an upward trend in gold starting from the summer months and said that she predicts that gold will rise rapidly after a limited decline. Hatice Kolçak, who also stated that she did not expect any decrease in the dollar rate, underlined that the last purchases should be made on these dates.
