New Week Market and Gold Evaluation by Prof. Dr. Murat Ferman
The expert discussed how central bank policies will affect financial assets ranging from exchange rates to oil in the new week.
Beykent University Faculty Member Prof. Dr. Murat Ferman evaluated developments in the global economy, central banks' interest rate policies, and their effects on exchange rates and gold prices in the new week.
Global Markets and Geopolitical Effects
With developments in the Middle East and central bank policies, a shift in direction is being experienced in gold, dollar, and oil prices.
It was stated at the beginning of the year that geopolitical tensions and war conditions would directly affect market and financial asset pricing.
FED Policies and Gold Prices
The possibility of the FED raising interest rates instead of cutting them remains on the table, putting pressure on all financial assets, especially gold.
While gold exhibits upward movements globally and in Turkey, fluctuations between one hundred and two hundred liras are observed in gram gold in Turkey.
Future Period Expectations
It is stated that the possibility of testing five thousand dollars along with the upward trend in gold until the end of the year has moved further away.
Inflation indicators in the US and the FED's tightening policies continue to be closely monitored.