Financial analyst İslam Memiş evaluated the gold prices, which dropped sharply after the election of Donald Trump in the USA, in Haber Global.
Memiş said, “These declines are not a surprise to us. We had been warning about the technical correction of the rises in gold for the last two weeks. With the election of Trump, there were sharp declines in prices. Gram gold fell by 160 liras and ounce gold fell by 140 dollars in two days. The reason for these declines is as follows. Trump ‘s statement that he would end the wars was effective. Those who sold gold entered cryptocurrencies. These factors supported the decline. Gram gold was released. “It is 3035 lira in the markets and 2665 dollars per ounce of gold,” he said.
“Will the declines continue?” Answering the question, İslam Memiş said, “The short and medium term should be evaluated separately. Those who own gold and those who want to buy it are the same way. The declines are buying opportunities. I do not expect these declines to be permanent. Those who are looking for an opportunity to buy should evaluate today. Two weeks later, gold prices will rise from where they left off.” It will continue its trend. Those who hold gold should not panic. Those who sell it will lose money. There were people who made panic purchases for the new rise in gold prices here. “Let’s wait, the upward trend will continue. Our expectation of 3350-3380 lira is valid for the end of this year. Our expectation of 4000-4500 lira for 2025 continues. Our expectation of 3000 dollars per ounce continues for January.”
