How much will the record-breaking gram gold increase to by the end of the year?
The answer came from Trabzon Jewelers and Watchmakers Chamber President Ali Yazıcı.
Yazıcı stated that the rising gram gold price will continue to increase and said, “I think it is likely that gold will see the 3,000-3,500 band, especially close to the beginning of the year.”
Yazıcı stated that the economic crisis experienced in the world, the expectation that the FED will cut interest rates and the war situation triggered the rise in gold prices, and drew attention to the fact that similar situations had occurred in the past.
Yazıcı said, “These may have happened in the past, but there was never this much uncertainty. We expect gold to rise, our estimates are in that direction. We saw those figures when we said it three or four months ago. It was at the 2,300-2,400 levels.
