Gold per gram has surpassed 7,000 TL! Do you think it will keep rising, or is it just a fluctuation?

22 Ağu 11:36

Seeing gold at 7,000 TL per gram is actually the highest level in the last five years, and it’s not just a Turkey‑specific thing—it’s a global trend. I think you’re right that the biggest factor is the weakening dollar, but behind that there’s almost a 90% chance that people expect the U.S. Federal Reserve to start cutting rates early. Markets were expecting one or two cuts by June, but they’ve already pushed that back to May. That means there’s serious upside potential for spot gold. On the technical side, if gold can keep closing above 7,000 TL per gram, the first resistance will be around 7,200‑7,300 TL. If it breaks that, we could even see a retest of the August 2020 record of $850 per ounce. My guess is that if the Fed’s aggressive cuts don’t happen, we’ll see some volatility, but I think it will mostly stay in the 6,800‑7,200 TL band. So if you’re a long‑term investor, averaging in makes sense, but if you have a short horizon, don’t forget to set a stop‑loss.