During the next week, investors’ radar will include meetings of the US Federal Reserve (FED). 2021 at the last meeting of the Fed, which informed that the interest rate hike will go early, this time is expected to realize the interest rate hike. Many investors are thought to follow the results of this meeting without taking positions in the gold markets. Before these statements to be made on January 26th, Islam and money markets expert Islam Memiş conveyed his thoughts on valuable metal. Kriptokoin.comWe share the details as…
Gold and Money Markets Specialist: The rise of gram gold will be limited
Drawing attention to the importance of the FED statements, Islam Memiş records that the Gram gold will rise in a limited way after the FED decision. Gram gold decreased to 785 pounds as a result of withdrawal in the dollar exchange rate, then the dollar rise to 790 pounds, he says. Following the decision of the FED decision of the gold can be placed in the range of 780-820 pounds, the expert name, then under ounce of withdrawal as a result of withdrawal in gram will remain limited.
Islam Memiş said that investors can make a 25 percent gram of gold in the basket. Following the Fed meeting, he says that the ounce of gold will move in the range of $ 1,790-1.830 by experiencing a downward or upward break. But he thinks that this movement will be downward. An expected that the ounce of gold may experience withdrawal up to $ 1,750, therefore, it will be easier to buy gold with dollars. In the meantime, the price of ounce of gold on Friday $ 1,829, gram gold closed from 790 pounds.
