Ounce gold fell in the last trading week with the release of the US Federal Reserve (FED) minutes. It turned around $1,790 during this pullback. Gram gold, on the other hand, fell below 800 lira. Standing out with his various market-oriented comments, Selçuk Geçer shared his thoughts on precious metal.
st Selçuk Geçer announced his comments on the gold price
Kriptokoin.com after the US Federal Reserve announced its minutes. It fell below $1,800. After that, gold prices rose slightly on Friday’s jobs data, even as the Fed signaled faster rate hikes. Data showed US job growth was slower than expected last month, with the price rising from a three-week low on Friday. Still, it’s changing hands at relatively low levels.
St. Selçuk Geçer, who made an assessment on this, argued that the price of an ounce of gold could make “interesting attacks” with a post on Twitter. Selçuk Geçer points out that the ounce price of gold remains firmly at $1,790 despite the interest rate hike expectations. According to the report, an increase in interest rates will not be enough against the inflation of the USA. Selçuk Geçer emphasizes that “even if there are small retreats, interesting attacks can be experienced” under ounce. Lastly, referring to gram gold, Geçer uses the phrases “you can calculate gram gold with the rise of the dollar”. Dollar/Dollars parity closed the week at 13.8 level.