Money markets research manager Seda Yalçınkaya shared her expectations for gram gold and ounce gold. He shared his thoughts on what is affecting the precious metal prices and determined the critical levels to be followed. As Kriptokoin.com , we are examining the details…
Expert examined gram gold and ounce gold
Money Markets Research Manager Yalçınkaya, ounce gold is around $1,800 He said that the Omicron variant affects the price in the short term, and that the rise is limited in the long term as the situations are under control. In general, cases such as the Omicron variant, coronavirus lead people to safe-haven assets such as gold.
On the other hand, the expert, who thinks that there is a lack of volume and complacency brought by the beginning of the year in the markets, draws attention to the fact that gold prices may change as a result of the US Federal Reserve’s monetary policy statements in the coming days. He thinks that the sideways movement continues in the ounce gold price, and if it continues to trade above the $1,795 level, $1,830, $1,850 may be forced. He highlights that a new uptrend can be seen if $1,850 is breached.
Seda Yalçınkaya, lastly, gave her gram gold estimates. He thinks that gram gold is affected by the dollar/Dollars exchange rate, and if the levels are above 675 liras, an upward movement towards 770 liras may occur. We state that if the Dollar/Dollars parity stays above the level of 11.7 liras, grams of gold may rise even more, but if it falls below this level, 675 liras may be lost. The gram price of gold closed 2021 above 750 liras.