In global markets, Middle East tensions, the rise in oil prices and the expectation of US inflation data have a hard impact on pricing. While volatility is increasing in gold, silver, stock market and cryptocurrency markets, Gold and Money Markets Expert İslam Memiş told investors that no hasty decisions should be made. While Memiş pointed out critical thresholds for ounce gold, 4 different scenarios came to the fore, ranging from 5 thousand 860 TL to 6 thousand 200 TL for gram gold.
NEW PERIOD OF UNCERTAINTY IN MARKETS
With the tension between the USA and Iran rising again, risk perception increased in global markets.
Geopolitical developments, the Fed’s interest rate policy and the rise in oil prices; It caused sharp fluctuations in gold, silver, stock exchange and cryptocurrency markets.
CAUTION WARNING FROM İSLAM MEMİŞ TO INVESTORS
İslam Memiş said that investors should not make quick decisions in the current market environment.
Stating that uncertainty continues, Memiş stated that the best move in this process is to wait quietly on the sidelines instead of making panic transactions.
“TWO WEEKS AGO, THERE IS TALK ABOUT A ceasefire, NOW WAR”
Memiş pointed out that the directional changes in the markets were experienced very quickly.
Stating that the ceasefire optimism was priced two weeks ago, and today war scenarios are on the agenda again, Memiş said that for this reason, a different pricing is encountered every day.
THE RISE IN OIL HAS COMPRESSED THE MARKETS
One of the harshest effects of geopolitical risks was seen on oil prices.
Memiş stated that Brent oil has increased by approximately 22 percent in the last 12 days and reached the level of 85 dollars again.
