Islam Memis Evaluates Gram Gold and Fed Decision
Finance Analyst Islam Memis evaluated the impact of the Fed's upcoming interest rate decision and volatility in oil prices on gold markets.
Finance Analyst Islam Memis shared his expectations regarding the gold markets ahead of the US Federal Reserve's interest rate decision to be announced on September 16, 2026.
Markets Ahead of the Fed Decision
All eyes in the gold markets are turned to the critical interest rate decision that the US Federal Reserve will announce on Wednesday, September 16, 2026, at 9:00 PM. Finance Analyst Islam Memis evaluated the potential impacts of the decision on gold prices.
Impact of Oil Prices on Gold
Stating that the market started with a selling trend, Islam Memis expressed that ounce gold is at 4,310 dollars and gram gold is at 6,738 liras. He stated that the rise of oil prices above 105 dollars keeps gold under pressure.
Busy Data Calendar
Emphasizing that this week will be quite busy for global markets, Memis stated that the Fed interest rate decision will be monitored on Wednesday, Eurozone inflation and UK interest rates on Thursday, and the Bank of Japan interest rate decision and Germany inflation data on Friday.
Interest Rate Hike Expectations
Sharing his predictions regarding the interest rate decision to be made by the Fed, Islam Memis voiced that the markets are pricing in a probability of a 25 basis point interest rate hike at approximately 87 percent.
Gram Gold Price Forecasts
Memis conveyed that there could be a pullback down to the 4,200 dollar level in ounce gold, and this situation will lead to broad fluctuations in gram gold in the range of 6,500 to 7,000 liras. He noted that for this week, 6,650 liras will be the support point and 6,800 liras will be the resistance point for gram gold.