Gold and market analysis from economist Tuna Kaya

Evaluating recent developments in global markets, economist Tuna Kaya announced prominent price levels for gold, silver, Bitcoin, and Borsa Istanbul.

Economist Tuna Kaya drew attention to the levels of 4,000 dollars for ounce gold, 56 dollars for silver, and 11,600 points for Borsa Istanbul, stating that the Central Bank of the Republic of Turkey's interest rate decision could also be decisive for the course of the markets. Pointing to the upcoming midterm elections in the US, the economist stated that November 3 could be an important turning point for global markets. Kaya noted that ounce gold faced selling pressure after rising up to the 4,200 dollar level, and prices pulled back following Trump's statements. Gram gold completed the week at 6,628 TL, and gram silver at 90.58 TL.

In the technical outlook for gold, 4,100 dollars is monitored as an intermediate support and 4,000 dollars as the main support, while the 4,250 and 4,300 dollar levels stand out in upward movements. In the silver market, the 56 dollar level was evaluated as a critical threshold, and the importance of the 82,000 dollar level was emphasized for Bitcoin. For domestic markets, the CBRT's interest rate decision and the date of November 3 were evaluated as an important turning point in terms of global financial balances and Turkey.