Gold and Money Markets Specialist Islam Memiş, whose gold predictions may turn out to be correct in some cases, came to the fore with his new comments. Memiş this week warned not to panic, claiming investors are “in the middle of a major operation”. Here are the market evaluations of the expert…
Islam Memiş drew attention to the moves of the FED
As we have also reported onKriptokoin.com , seen in the last weeks of 2021 Islam Memiş, who came to the agenda with his accurate prediction saying that high gold and dollar prices will decrease, continues to convey his evaluations about the market. In the current situation, the price of ounce of gold has decreased with the US Federal Reserve’s (FED) interest rate hike. The downward movement under ounce also affects gram gold. In a video he shared on his Youtube channel, Islam Memiş claims that the FED is carrying out a “shaking operation”.
Claiming that the US Federal Reserve carried out a “serious shake-up operation when no one expected it,” Memiş states that many assets fell with this operation, while the dollar continued to rise. . As it is known, the US Dollar Index (DXY), which measures the situation of the US dollar against other fiat currencies, is hovering at record levels. Stating that the dollar continues to appreciate in international markets, Memiş uses the following expressions:
In the face of high inflation, central banks manipulate the markets in a controlled manner, especially recession risk, global markets will face, and central banks will have no choice but to increase interest rates. It shows us that it is not a very manageable world economy for months.
What are the important ranges for gold?
Also conveying his comments on gold, İslam Memiş points out that the range in gold price is 1,830-1,930 dollars. He states that “for the continuation of the declines under ounce”, gold must close below $ 1,830 for at least two days in a row. While stating that gram gold does not sag below 900 liras, he points out that the rising dollar is behind this stability. Finally, the expert name states that there is a difference between the dollar price seen on the screens and the prices seen in the Grand Bazaar market, and that investors should pay attention to this.
