Record after record news continues to come from gold. After gram gold renewed its own record last week, ONS gold broke a record this week as well. Finance Analyst İslam Memiş evaluated the possible war in the Middle East and the reflections of the US elections to be held in November on the gold money markets to Haber Global.
Pointing out that gold attempts new records every 1.5 months, Memiş said, “Geopolitical tensions were also affected by this rise, especially after the interest rate reduction policy of the American Central Bank FED. Yesterday, one ounce of gold rose to 2 thousand 790 levels and rose to 3 thousand 190 levels.” “We saw a gram of gold. Today, there is a calmer market with sellers, we are facing profit sales. There are elections in America next week, the market is focused on that, and the focus is on the elections in America,” he said.
Pointing out that it is strong that a profit sell comes after the elections, İslam Memiş said, “On the ONS gold side, we have an ONS gold that has been breathlessly rising by 200 dollars for 1.5 months. Technically corrective movements must have downward movements. Every day there are new developments.” “It is not very healthy to attempt a record,” he said.
Emphasizing the need to be careful against profit sales, Memiş said, “There are two types of investors in front of us; those who hold gold, those who are overdue, or those who are looking for opportunities for gold. We call on both of them to wait. Our expectations are positive on both the gram gold side and the ONS gold side in the medium and long term.” made his assessment.
