Gold prices fell sharply on Wednesday after a rise in US Treasury yields and cautious and positive comments from Federal Reserve Chairman Jerome Powell. However, the dollar index fell to two-week lows, increasing the attractiveness of gold, and thus gram gold followed the ounce of gold. So what can analysts expect? Here are the opinions of two experts on the precious metal…
Selçuk Geçer shared his record prediction for gold
Market Specialist Selçuk Geçer gave his important predictions for gram gold in a recent live broadcast. shared. Geçer underlined that he expects record levels under grams. While talking about gold and the market situation in general, Geçer touched upon the economic developments in the USA and the problems that these will create. As we have reported as Kriptokoin.com , concerns about a recession, namely a pause, are increasing in the USA.
According to Geçer, recession in the USA means “the bottom of the crisis” in the world. The expert states that gold prices rise in critical periods and gives an estimate of a maximum of 1,700-1,800 pounds of gram gold. Stating that levels below this will not be a record, Geçer points out that the reason behind this is that gold is still a hedge against inflation. Considering that gram gold will break a record this year, Geçer points out that “it has not been seen under the dollar effect yet” as the reason.
Tunç Şatıroğlu drew attention to the level of 912 lira
Another name who conveyed his comments on gold was Tunç Şatıroğlu, the Market Analyst. Şatıroğlu implies that gold gives a “buy signal”. The expert drew attention to the level of 912 pounds under a gram. Pointing out that the rise started in gram gold with ounce gold, the expert states that gram gold will turn into a “buy signal” when it exceeds the 912 lira level. Stating that this level is not far away, the expert seems to be right for now. According to the data, the value of gram gold is around 932 liras at the time of writing.
Şatıroğlu described the decline below $1,800 an ounce as the bottom and said that he thinks the rise will begin. At the time of writing, the value of an ounce of gold appears to be around $ 1,815 at the time of writing.
