Haluk Özdil, whose predictions of 600, 850 and 1,000 liras for the gold price were correct, shared his new predictions. Özdil thinks that gold will rise in September and October. Here are the details…
Haluk Özdil expects a rise for gram gold price
Özdil, who correctly predicted various price movements under grams, which has increased rapidly in the last months of 2021, as we have also reported as Kriptokoin.com , shared new comments. Researcher and writer Haluk Özdil shared a post on his Youtube channel. According to his post, he thinks that gold will rise after “the possibility of famine” in September. Özdil points to the worldwide food crisis. Özdil predicts that with the increase in the value of ounce gold in the world, gram gold will also rise. However, Özdil does not say exactly what levels the gram gold will see. He uses the following expressions by saying “I don’t want to give numbers”:
I don’t want to give numbers, but for example, you have money and you invested it. You will be profitable.
While underlining that this is not an investment recommendation, Özdil says that his current analysis points to “September and October”. The expert thinks that on these dates, gold will be higher than its current level. He argues that real gold should be held and not sold. Many experts recommend physical holding of gold. In this regard, Özdil said, “Some games can be played in deposit accounts. That’s why I recommend you keep physical gold,” he said.
Latest situation in gold markets
On Wednesday, the US central bank made the biggest rate hike since 1994, causing gold prices to plummet. According to commodity market experts, the US Federal Reserve’s 75 basis point rate hike is largely priced in by market participants, given rising inflation. However, the series of rate hikes by the Swiss National Bank and the Bank of England to curb inflation throughout the week has raised concerns that aggressive policy tightening by major central banks could plunge economies into recession. This bodes well for gold prices in the short term.
The precious metal’s reaction to the Fed’s decision to raise interest rates by 75 basis points, the biggest since 1994, has been very encouraging. Fed Chairman Jerome Powell pointed out that another 75 basis point increase in July is possible. He added that the so-called “soft landing” will now be more dependent on external factors such as commodity prices. Gold rallied around $40 on Thursday as the stock market plunged sharply after digesting the information. The rally was short-lived, however, as August Comex gold futures fell 0.44 percent to 1,841.70 an ounce on Friday.
