Gold and oil expectations and stock market forecasts in global markets
Market experts discussed the impact of geopolitical developments on commodity prices and Borsa İstanbul's potential to reach 12,500 points.
Ahlatcı Holding Strategist Yücel Tonguç Erbaş evaluated the impact of geopolitical developments in global markets on gold and oil prices, drawing attention to the possibility of 12,500 points for Borsa İstanbul.
Global Developments and Commodity Market
While US President Donald Trump's statements regarding Iran provided relief in the markets, the depreciation of the dollar and the decline in interest rates led to a rebound in gold prices.
Middle East and Price Expectations
Unless a new agreement is reached in the Middle East, a strong and sustained trend in gold and oil is not expected; oil is projected to trade in the band of $97-$105, and spot gold in the band of $4,100-$4,250.
Borsa İstanbul Outlook
It was stated that the course above 12,000 points in Borsa İstanbul could continue, and that the initial payments in the fund investigation and the recovery in stocks supported the market.
Trading Volume and Target Points
While it was noted that the trading volume hovers around 100 billion TL, it is assessed that holding above 12,000 points on the last trading day of the week and a limited movement towards 12,500 points could come onto the agenda.