Economist Tuna Kaya Reveals Shocking 15,000 TL Gram Gold Scenario
As the global markets continue to fluctuate, the direction of gold prices remains the primary concern for investors. With the first half of the year behind us, the question of whether gold prices will fall or rise under the shadow of the Fed's interest policies, global reserve races, and unending geopolitical risks is being sought. Economist Tuna Kaya provided striking assessments, taking a closer look at this uncertainty in the markets. Sharing the extreme lows and highs that gold could potentially experience in a 'bull shock' or 'bear scenario,' Kaya elaborated on the details of the scenario where gram gold is mentioned to reach 15 thousand lira.
Scenario of gold priced under 15,000 TL.
While the unwavering structural gold purchases by central banks subtly underpin the market, the surge in oil prices triggered by geopolitical tensions is putting pressure on numerous investment tools, including gold. Economist Tuna Kaya, who evaluates the extreme scenarios that could emerge if things don't go as expected in the global markets, drew attention to the rising wave known as the 'bull shock'.
Highlighting the possibility of a recurrence of the sharp increases experienced in the past, Kaya made the following remarks:
'In the event of a major geopolitical explosion or stagflation and panic purchases by central banks, the price of an ounce of gold could rise to 6,5007,000+ USD, and the price of a gram of gold could reach 13,00015,000 TL+ levels. We've seen it happen in history, it could happen again.'
Will gold prices plummet?
The renowned economist, who brought up the 'bear scenario' that could occur in the event of a surge in market optimism and risk appetite, outlined the potential limits of a pullback. Predicting that if the Fed maintains its aggressive interest rate stance and a swift peace environment is established on the global stage, gold could correct to the band of 3,800-4,200 dollars, Kaya issued the following warning for the domestic market:
'In the event of the Fed's aggressive stance, a swift peace environment, and a burst of risk appetite, gold could correct to the band of 3,800-4,200 USD. Gram gold, on the other hand, could fall back to the band of 5,500-6,500 TL; however, the depreciation of the TL could limit this.'
What Should Investors Do?
Emphasizing that he does not expect a sharp crash in the markets, Tuna Kaya highlighted that the base of gold is quite solid. The experienced economist, advising investors to stay away from panic movements and to definitely manage risks, summarized the ideal asset distribution with these words: 'I don't anticipate a major crash, because the base is solid. I always recommend risk management, meaning let 20-30% of your portfolio be gold, diversify the rest.'
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