Gold prices are on the rise! İslam Memiş warned investors against a possible decline!
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While gold prices have retreated from record levels, investors are closely monitoring market fluctuations. Gold and Money Markets Expert İslam Memiş warned investors that there may be pressure on gold prices in March. Memiş shared his new forecast for gram gold, saying, "Gold may retreat, the tendency towards cryptocurrencies may increase."
Is a Drop in Gold Prices Expected?Recent global uncertainties and the weakness of the US dollar have caused gold to reach record levels. However, experts say that prices may enter a sharp correction process in March. According to İslam Memiş, if the ounce of gold cannot exceed the $3,000 level, a correction movement may begin in the market. According to technical analysis, the ounce of gold may retreat to $2,800.
New Estimate for Gram Gold
Making important warnings for gram gold investors, Memiş said that possible declines in March could create a buying opportunity. In the long term, he predicted that gram gold could reach 4000-4500 TL.
Will Gold Continue Its Rise?Gold gained 27% in value in 2024. Global economic uncertainties, possible interest rate cuts by the US Federal Reserve (Fed) and inflation expectations are among the factors supporting gold prices. In addition, increasing demand for gold-backed investment funds (ETFs) is seen as one of the important factors that put upward pressure on prices.
Geopolitical Risks and the Impact of Central BanksMarkets are sensitive not only to economic data but also to geopolitical developments. Factors such as the US presidential elections and China and India increasing their gold reserves increase volatility in the markets.
Goldman Sachs updated its ounce gold price target to $3,100 for 2025. According to experts, gold purchases by central banks are also one of the important factors supporting prices.
When is the Right Time for Gold Investors?
İslam Memiş emphasizes that investors who are considering buying gold in March should be cautious. The expert, who states that prices may be suppressed in the short term, states that the upward trend will continue for long-term investors.
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