Ceasefire Warning for Gold: Price Surge Is Inevitable!
The reciprocal attacks between the USA, Israel, and Iran have sent gold investors into a panic. The anticipated rise in gold prices, which typically surge during periods of war, has failed to materialize, leaving many puzzled. People have started to question, 'Why has gold fallen? Will it rise again?' As speculation about the future of gold prices continues, Financial Analyst Islam Memiş has made a new prediction. Memiş anticipates that gold will rise upon the announcement of a 'ceasefire'. Meanwhile, he also issued a warning to gold investors.
When will gold prices rise?
Contrary to expectations that gold prices would rise due to the impact of war, the exact opposite scenario unfolded. On Friday, March 6, the price of gold per gram reached 7,283 TL. While there's curiosity about why gold prices fell, the question of when they will rise again is lingering in people's minds.
Financial Analyst Islam Memiş shared his insights during a broadcast on TGRT News. Responding to the question, 'When will gold prices increase?', Memiş listed his predictions for gold. Asserting that news of a ceasefire would inevitably cause a surge in gold prices, he said, 'There are those who have debts in gold. There are those waiting to invest in gold. There are those planning to get married… They continue to watch anxiously. The inevitability of a rise in gold with the news of a ceasefire is strong.'
So, how much will gold per gram cost?
Memiş maintained his prediction that within the year, the price of an ounce of gold would be 6,000 dollars, and the price of gold per gram would be 10,000 TL.
Why did gold prices fall?
Memiş, who explained the decline in gold in four points, stated, 'Gold is a topic of much discussion and curiosity during times of war, largely due to our fondness for it. People are wondering why it's declining despite the war.'
Memiş elaborated on why gold has been falling with the following points:
'Firstly, there's a margin call. That is, declines in the stock markets, increases in oil... This has led to players who trade in the virtual environment selling gold and silver to meet their margin requirements.
Secondly, the dollar index has risen.
Thirdly, there were no panic buys. Due to the absence of panic buying, demand did not materialize.
Lastly, the expectation of interest rate cuts by central banks has been postponed, which led to a decline in gold.'
The statements in the content are not investment advice.
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