BUSINESS

A 15-day ceasefire has commenced between the USA and Iran. As the silence of the ceasefire prevails, there is curiosity about what will happen to the prices. Investors have turned their attention to gold prices. 'What's the price of gold today? Have gold prices risen or fallen?' These are the questions being investigated as the safe haven is shrouded in pricing uncertainty. On the other hand, according to experts, there are two critical levels in gold. If the level of $4,783 per ounce is surpassed, the targets of $4,861 and $4,944 will sequentially come into the radar. Here's the latest on gold.

Seventeen years have passed since a nine-page technical document, or white paper, was published in a remote corner of the internet, heralding the arrival of the world's first cryptocurrency. During this time, Bitcoin has evolved from a simple curiosity into a mainstream element of the financial world. However, the identity of its inventor, now known worldwide under the pseudonym Satoshi Nakamoto, continues to remain shrouded in mystery. The New York Times shared evidence suggesting that the founder of the cryptocurrency might be a British individual named Adam Black. Yet, the person in question has denied these allegations.

There's a growing curiosity about the future of gold prices. Recently, gold has been demonstrating a downward trend, prompting new forecasts from experts. According to these specialists, gold is set to continue its upward trajectory. Economist Selçuk Geçer, on the other hand, made a bold claim stating, 'Gold will skyrocket,' and went as far as to predict a price of 10,000 dollars.

Known as a 'safe haven' for its consistent profitability, gold has been on a downward trend recently. Despite this decline, the public seems unfazed. Experts predict a rise in gold prices by the end of 2026, and citizens seem to be taking this in stride. According to social media posts, there are claims of a citizen who sold their house to buy a kilogram of gold. What's more, this individual firmly believes that, thanks to gold, they will be able to purchase four houses within the next 12 years.

Tensions in the Middle East never seem to subside, not even for a moment. Amidst the ongoing conflict between the USA, Israel, and Iran, the global energy market finds itself in an unprecedented state of uncertainty. As the mutual attacks persist, the closure of the Strait of Hormuz has led to record-breaking oil prices. According to a report by the Wall Street Journal, there's talk of a doomsday scenario where oil prices could skyrocket to $180.