Financial analyst İslam Memiş made remarkable warnings in his statements on his personal YouTube channel. Memiş said that stagnant gold prices may be affected by surprise developments.
İslam Memiş stated that gold prices may enter a new upward trend as of December 2024. “In this process, we expect activity especially in products such as gram gold and quarter gold,” said Memiş, advising investors to be patient and follow the markets closely.
“Drops Buying Opportunity”
Memiş stated that occasional declines in gold prices should not cause panic and said, “Such corrections may present an important buying opportunity for long-term investors.” Emphasizing that gold is an instrument that always brings profit to its investors in the long term, the expert also said that short-term speculations should be avoided.
Dollar and Inflation Effect
Stating that global inflation and the strengthening trend of the dollar cause volatility in gold prices, Memiş said, “In this period, the course of the dollar and the interest policies of central banks are of critical importance. However, in the long term, gold will continue to be a safe haven for investors in any environment where there is economic uncertainty.”
