Economist Selcuk Gecer Issues Critical Warning for Gold Buyers and Sellers
Gold prices are on a rollercoaster ride. The fate of gold, which experiences a cycle of falls and rises, is a subject of curiosity. Economist Selçuk Geçer, who made statements from his YouTube account, issued a warning to those who want to buy and sell gold. Describing the situation as 'the calm before the storm,' Geçer provided a figure for gold.
Will the price of gold rise?
Economist Selçuk Geçer has shared his insights on gold prices. Evaluating the hovering of gold ounce around the $5,000 mark, Geçer suggested that a steep rise is on the horizon. He described the situation as 'the calm before the storm', indicating that the $5,000 level sends a significant message.
According to Geçer, who emphasized the increase in global risk, gold prices are set to trend upwards in the upcoming period.
Geçer also pointed out that there will be sales in gold and silver due to the expectation of interest rate hikes by central banks, but he underscored that these sales will be short-lived.
Economist Selçuk Geçer makes a prediction about gold.
Economist Selçuk Geçer has made a prediction about gold prices. Geçer pointed out that the first critical threshold is the breach of $5,500, with an interim target of $7,000. For the long-term, Geçer's target for gold per ounce is set at $10,000.
According to Geçer, we could be talking about $10,000 per ounce of gold in a year's time.
Selçuk Geçer, emphasizing that his forecasts are not short-term, underlined the necessity for investors to be patient and prepared.
The statements contained in the content are not investment advice.
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