Gold Market and FED Statement from Jeweler Hasan Acar

Elazığ jeweler Hasan Acar announced that the election process in Israel, geopolitical tensions in the Middle East, and FED decisions will determine the future direction of the gold market.

Hasan Acar, a jeweler in Elazığ, evaluated the election process in Israel and the current situation in the gold market. Acar stated that geopolitical tensions in the Middle East could affect safe-haven demand, but in the short term, decisions to be made by the FED will be decisive.

Touching upon market figures, Acar conveyed that gold per ounce is trading around 4,000 dollars and gram gold is around 6,400 liras. Emphasizing that the 4,000 dollar level in gold per ounce is of critical importance, Acar warned investors not to make hasty decisions in light of regional developments and FED interest rate policy.