Gold prices in international markets are hovering near one-week lows with the effect of strong dollar. Local gold prices fell on Tuesday as global indicators also fell. Meanwhile, analysts are watching the upcoming US Federal Reserve (FED) meetings. Here are the details…
Tunç Şatıroğlu: Gold may rise today or tomorrow
Market Specialist Tunç Şatıroğlu drew attention to the FED as an important factor for gold and foreign exchange. As we have reported as Kriptokoin.com , inflation data were announced in the USA. It was expected that the FED would falter if the data came in line with the expectations. Stating that the markets will recover on Tuesday, Şatıroğlu argues that the rise seen in the ounce price of gold yesterday will ease today and uses the following expressions:
If there is a rise despite the American decades, let’s put it aside, but the rise on Tuesday or Wednesday it could be. Silver also rose slightly. But the horizontality did not end.
Sharing his comments about the stock market, Şatıroğlu drew attention to the 4 percent decline. According to the analyst, the system has turned on the market and is technically likely to make investors nervous. He argues that there is an extraordinary situation in the stock markets and that there is a non-market factor.
Hatice Kolçak: Not the right week for investment
While prices focused on the monetary policy decision of the US Federal Reserve, Money Markets Specialist Hatice Kolçak shared her expectations on Youtube. Kolçak emphasized that the dollar index is very strong at the moment and pointed out that it is difficult to suppress the dollar. Stating that the current levels will continue to be seen until the FED meeting, the analyst says that there is also an upside risk in the dollar due to various risks. According to Kolçak, we have to wait until Wednesday.
claims that after the FED’s statements, the figures in the market may settle on Thursday and Friday. However, Kolçak says that those who want to trade make gradual purchases. Still, he states that he does not plan to do anything this week, but if there is a huge drop, he may buy.
Selçuk Geçer: 1.500 lira under gram is very close
Finally, economist Selçuk Geçer conveyed his expectations for gram gold. While the fluctuations in the precious metal continue, current levels are hovering above 1,000 lira. Therefore, investors are wondering whether the rise in gold will continue. Selçuk Geçer argues that gram gold will continue to rise. At the time of writing, gram gold changes hands at 1.011 lira. In a recent post on his Twitter account, Geçer used the expressions “gram gold is very close to 1,500… Don’t say he didn’t say it.” Geçer did not make a statement about when the said level will be seen.
