Gold prices face pressure against the strength of the dollar. Prices have fallen recently, so investors are looking for an answer to the question of “can I buy gold”. The answer that investors expected came from the famous finance expert, İslam Memiş. Islam Memiş gave a date and said that he expected these record prices to come. Thus, he announced his predictions for the question “Will gold rise”.
“There is a great crisis”
Islam Memiş says that the gold and dollar markets are turning their face towards the USA. Accordingly, it seems that the US Federal Reserve will determine the commodity and foreign exchange prices to a large extent. Many market experts predict that the Fed will raise rates by 0.75 or 0.50 percentage points in September. Stating that the year-end gold price forecast post he gave in the past is still valid, Memiş warned the investors. According to him, it would be beneficial for those who are going to have a wedding to make their investment in gold now.
cryptocoin.com As we have reported, Memiş had said that a major crisis was at the door in the previous price forecast. According to the famous expert, there is a great crisis lurking around the world right now. In addition, this crisis will affect the markets more in the near future. The gold expert said that in addition to gold, which maintains its value despite the strengthening of the dollar, other assets whose values are manipulated offer a buying opportunity.
Will gold go up?
Islam Memiş talks about the existence of a great FED pressure and price manipulation in the markets. However, he states that even the pressure of the FED and accordingly the dollar cannot prevent the rise of gold. According to the expert, the price of gram gold will rise to 1,400 lira by the end of the year. At the time of writing, the price of gram gold is 1.001 lira.
Year-end gold forecast from Islam Memiş
Mentioning that there is a gap of 10-15 liras in the price of gram gold, Memiş emphasizes that we buy gold a little more expensive than its current value. He adds that he does not expect gram gold to fall below 1,000 liras. Stating that the ounce of gold has fallen due to the pressure of the dollar, Memiş says that this is an opportunity for those who are going to have a wedding. According to him, the currently low prices will see big spikes in the coming months. The economist expects it to reach 1.450 liras by the end of the year, while the initial estimate was 1,250 liras per gram.
“Put your money in suppressed investment instruments”
The analyst says there are many investment vehicles that are suppressed by the dollar. These include gold, Bitcoin and other cryptocurrencies. According to him, the value of these commodities and currencies is low due to the high strength of the dollar. However, in any future crisis this suppression will be removed and prices will rise dramatically.
