Gold and Money Markets Specialist İslam Memiş, who came to the fore with his comments on gold prices, announced the time intervals that he thought were risky. He also warned about the price. Here are the details…
Gold comments came from Islam Memiş
As we have also reported as Cryptokoin.com , the interest rate of the US Federal Reserve (FED) With his statements, gold showed rapid changes and drew a path that confused investors. The Federal Reserve raised the benchmark rate by half a point on Wednesday, making it the most aggressive move ever in its fight against the highest inflation in 40 years. “Inflation is very high and we understand the difficulty it causes,” Fed Chairman Jerome Powell said at a press conference. “We are moving quickly to bring him back,” he said. “We attach great importance to restoring price stability,” he said, noting the burden of inflation on low-income people.
After that, gold prices gained a slight momentum. With the opening of the markets, which were closed due to the holiday, in Turkey, changes in prices were observed. Islam Memiş also evaluated the latest movements of the precious metal. The expert said that he stated that the decline experienced by gold, silver and various trading parities in the past week was the final. He also reiterated his opinion about the declines in Bitcoin. Islam Memiş said that there were four gradual buying opportunities in April and that he would not leave the purchasing business until May.
Are new highs coming from May to July?
Islam Memiş, at every opportunity, expressed the expectation of a new summit in May and July. He stated that in the current situation, these pricing, which indicates excessive depreciation against the dollar, can be considered as the bottom levels. “May-June-July is my waiting month. “If there are surprise withdrawals, I will use all my means and try to add.”
Drawing attention to the Fed’s rate hike, Memiş announced that he had predicted this beforehand. He stated that if the Fed makes a dovish statement on how investors should act after the Fed, global stock markets will recover, the dollar will decline, and commodities and cryptocurrencies will rise.
