Gram gold commentary from economist Sinan Alican
Economist Sinan Alican stated that with a permanent ceasefire and a drop in oil prices, gram gold could test the 7,200 TL levels once again.
Economist Sinan Alican evaluated the effects of the tension between the US and Iran on gold prices. Alican stated that in the event of a permanent ceasefire and a drop in oil prices, gram gold could see the 7,200 TL levels again.
Developments in the Gold Market
Economist Sinan Alican made important statements by evaluating current developments in the gold markets during a live broadcast on A Haber.
He stated that the tension between the US and Iran is a highly decisive factor on market pricing.
Ounce and Gram Gold Expectations
Stating that the 4,350 level has been tested in ounce gold, Alican said that the 4,500 level should be closely monitored from now on.
He reminded that gram gold had previously seen the 7,200 TL levels in the domestic market, but could not hold at this level due to the Fed's interest rate policies.
Critical Thresholds and Risks
Recommending investors to follow oil prices and Donald Trump's statements, Alican stated that positive developments could create a positive direction.
He warned that inflation, high oil prices, and US bond yields above 5% could continue to exert pressure on gold.