Recent fluctuations in gold prices and exchange rates have attracted the attention of investors again. The situation in the markets, especially gram and quarter gold, is becoming more curious as the end of the year approaches. While investigating the direction of gold in December, a warning came from İslam Memiş.
This week, the gram sales price of 24 carat gold bullion traded in the Grand Bazaar decreased by 1.17 percent to 2 thousand 965 liras, and the sales price of republic gold decreased by 1.15 percent to 20 thousand 115 liras. Gold investors expect new records after a short-term downward trend.
The ounce price of gold is currently at 2 thousand 655 dollars. It is wondered what direction gold, which has been following a fluctuating trend recently, will follow in December. Gold and money markets expert İslam Memiş shared his predictions about the performance of the safe haven in recent months.
In his assessment of the markets, İslam Memiş said, “We are in the last week of November. As of December, most large investors will go on Christmas holiday in global markets, and therefore, until mid-December, there may be a period of generally optimistic news flows, generally peace news, for the next 3-4 weeks.” “Because they want to close optimistically,” he said.
