Islam Memis Reveals Striking New Target Price for Gram Gold
Islam Memis spoke about gold prices. According to Memis, if an agreement is reached between the US and Iran while the decline in gold continues, the price per gram of gold will exceed 7,000 lira. What's the latest on gold? What will happen to gold prices? Here's a new prediction from Islam Memis.
The decline in gold prices persists.
The anticipated rise in gold prices continues to decline. The tension in the Middle East and the stockpiling of gold by central banks are putting pressure on safe haven prices, prompting the question 'What will happen to gold?' to arise.
Islam Memiş made a point to mention the notable increase in response to statements made by the US President Donald Trump. Memiş stated, 'There's a 1.60% increase in the value of gold per ounce, and similarly, a 1.60% increase in the value of gold per gram. In other words, there's a swift recovery in gold prices following Trump's statement. The price of gold per ounce currently stands at $4,505, exceeding the $4,500 level. The price of gold per gram in Turkish Lira is 6,676, showing an increase of approximately 50 lira compared to the morning hours.'
"We might witness the level of 8,000 lira once again in the months of July and August."
Memiş, who predicts that the price of gold per gram will exceed 7,000 TL in the event of a potential agreement in the Middle East, stated, 'The key to everything is actually the agreement. After the news of the agreement, we could see surges above the level of 4,800 dollars in gold ounce and above the level of 7,000 lira in gold gram.'
Islam Memiş expressed the following:
'We especially anticipate that we could see the level of 8,000 lira again in July and August, and we are sharing our view with investors. If we see these figures, today's levels will have seemed quite low.
Central banks are ardently continuing to buy gold. They are stocking gold like mad. Behind this lies the geopolitical tension and war risks in the world. America is increasing its stocks. The European Central Bank also announced that it increased its stocks. This picture shows that the confidence in gold continues on a global scale.'
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