Gram gold price continues to expand its losses in the new week after the depreciation of last week. 1039 pounds in the last week, entering the gram, 1005 pounds in a week saw. This decline was mostly caused by new inflation data from the USA. Non -agricultural employment data published last week led to an increase in pressures on the FED. For this reason, experts began to propose a wavy price movement. However, financial expert Islam Memiş thinks differently.
“Gold prices are affected by monetary policy”
Islam Memiş, who published a new video, shared his latest forecasts for Gold. Accordingly, many estimated experts, the US drew attention to the data. According to him, the newly described data led to a decrease in the price of gold. Markets, non -agricultural employment data will be 250 thousand betting. However, the data explained were different. The number of people in non -agricultural employment increased by 263 thousand by showing a decrease in inflation.
Memiş emphasized these data and suggested that investors should not sell their gold at the moment. He also reiterated his prediction that we would see a big explosion in the price of gold, especially in November. According to him, precious metal closed the last week with a decline. 960 pounds in October, entering the month of October, a week rose to 1025 pounds. Stating that ounce of gold declined to $ 1615 due to the monetary policy of the FED, Memiş said that it rose to 1705 dollars.
“Don’t sell it at prices”
However, Islamic Memiş warned investors. According to him, investors should not be convicted of the latest price drops and sell their gold. Memiş called for investors not to rush, said he was waiting for new rally. Accordingly, gold prices may see great rise in the coming period. Memiş, who continued his words, also called on investors to buy more gold. According to him, gram above the 1000 pounds band, managed to see big value gains. This points to more rise.
Specialist also mentioned silver, said he expects a price movement similar to gold. According to him, silver, attracted attention with his recent rise. Kriptokoin.comAs we have reported as many famous names in the near future pointed out the rise for silver. Some even included him in the class of commodities that had to be taken in the collapse. Apparently, Memiş also has this idea. Silver rose to 12.5 pounds indicating that the expert, the rally predicts that will continue.
“Gram Gold at these levels in November”
Memiş, who listed his estimates for Gram Gold, foresee the continuation of the positive price movement. According to him, geopolitical and economic risks will survive in the markets. This will support the rise in the price of precious metals. Stating that there has been suppressing under and in the last 6 months in silver, Memiş says that the prices are below real value. According to him, when this suppression ends, prices will reach their original values.
Memiş, who listed his predictions, claimed that we could see 1250 pounds until the end of the year under grams. According to him, global inflation must maintain its existence in order to continue this optimistic prediction. However, the analyst underlines that the rise of gold is higher in market estimates of the central bank. According to him, market participants are waiting for a price tag of 1450 pounds for the end of the year under Gram.
