Gold continues to rise.

Ali Yazıcı, the President of the Trabzon Jewelers and Watchmakers Chamber, stated that the rising price of gold is expected to continue increasing, saying, “I predict that gold will see the range of 3,000 to 3,500, especially close to the new year.”
Yazıcı pointed out that the economic crisis around the world, the expectation that the FED will cut interest rates, and the state of war have triggered the rise of gold, noting that similar situations have occurred in the past.
Yazıcı said, “Similar situations may have occurred in the past, but there has never been this much uncertainty. We expect gold to rise; our predictions are in that direction. When we said those figures three to four months ago, we saw those numbers. It was around 2,300-2,400. In fact, at the beginning of the year, it was at the level of 2,050. I predict that gold will see the range of 3,000 to 3,500 especially close to the new year. Because there is a war in the Middle East. There is the Russia-Ukraine war. Right now, the World Health Organization is talking about different diseases, and if such a situation arises, if the Iran-Israel war becomes a triggering factor, and with the involvement of China and Korea, the best optimistic figure for gold could even be 5,000 TL. I hope that doesn’t happen; these are just statements, but we have never been wrong in what we have said until now. The coming years look a bit dark. I predict that the gold price could reach the range of 3,000 to 3,500 at the beginning of the year.”
Zekeriya Tonyalı from the jewelers stated that gold will continue to rise until the end of the year, saying, “Gold will continue to rise until the end of the year. The wars and economic crisis in the world are triggering the rise of gold. We saw this increase during the Iran-Iraq war and the Kuwait war from 1992 to 2005. In times of war, gold is always the most valuable commodity. We recommend investors to buy 24-carat gold.”