Those considering buying gold: it will peak in mid-year!
After Trump’s election as president in the U.S., the balance in the gold market began to shift. Gold surged suddenly, and jeweler Ömer Ali Baş stated that by mid-year, the price of gold per gram could reach 4,000 lira.
With Trump returning to the presidency, economic balances worldwide have started to change. The pressure on gold has eased, allowing it to rise in value. Additionally, Trump’s threatening statements toward certain countries have contributed to this movement. The latest gold prices are as follows:
22-karat gold: 3,211 lira per gram,
24-karat gold: 3,400 lira per gram,
quarter gold coin: 5,500 lira,
half gold coin: 11,000 lira,
full gold coin: 22,000 lira.
PRICES SKYROCKET
Evaluating the surge in gold prices, Ömer Ali Baş stated:
"The gold market in the U.S. was under pressure. After the elections, this pressure was lifted, and the ounce price increased. This upward trend will continue. Furthermore, Trump’s threats toward other countries are also pushing gold prices up. In Turkey, an additional factor was the rise in the exchange rate by 1 lira. Moreover, the stable interest rates in the U.S. and the declining interest rates in Turkey are increasing demand for gold. As demand rises, prices follow suit".
Currently, the prices are:
22-karat gold: 3,211 lira per gram,
24-karat gold: 3,400 lira per gram,
quarter gold coin: 5,500 lira,
half gold coin: 11,000 lira,
full gold coin: 22,000 lira.
GOLD PRICE FORECAST
Regarding future expectations, Ömer Ali Baş said:
"In the short term, the price of gold per gram is expected to rise to 3,500 lira. Given the economic conditions and fluctuations in exchange rates, a significant increase in gold prices is likely. Investors see precious metals as a safe haven against inflationary pressures and global uncertainties. This drives demand higher, pushing prices up".
"Additionally, by mid-year, the price of gold per gram is expected to reach 4,000 lira. This increase will be influenced by local economic factors, global market developments, and growing investor demand".
