While increasing geopolitical tension and economic uncertainties in global markets cause sharp fluctuations in investment instruments, remarkable evaluations for investors came from Gold and Money Markets Expert İslam Memiş.
Stating that the steps taken by Iran and the statements of US President Donald Trump increased the activity in the markets, Memiş said that these developments caused a decrease in US bond interest rates and an increase in oil prices. Stating that there were withdrawals in the gold, silver, euro and cryptocurrency markets during the same period, Memiş stated that an atmosphere of anxiety prevailed in the markets.
Reminding that American bond interest rates reached the peak of the last 20 years last week, Memiş noted that there was an increase of approximately 2 percent in oil prices, while similar decreases were observed in gold and silver.
Stating that Borsa Istanbul closed May at 13 thousand 662 points with a loss of 1.64 percent, Memiş said that the fluctuating course in the BIST 100 index will continue. Memiş stated that 13 thousand points are followed as support level and 14 thousand points are followed as resistance level, and stated that the possibility of falling below 13 thousand points in the medium term should not be ignored.
