Gold Prices Hit 7-Month High: Expert's New Prediction

The price of gold per ounce rose by 7.4% over the past week, reaching $4,342, and recorded its strongest weekly performance in the last 7 months. Weak employment data in the US and expectations regarding the Fed's monetary policy have been driving the markets, while commodity expert Zafer Ergezen has shared his new price predictions, highlighting critical levels. The price of gold per ounce has risen by 7.4% over the past week, reaching $4,342. This momentum is the fastest weekly rise recorded since January 19. The upward trend in precious metals has also affected the silver market. The price of silver per ounce rose by 10.2% on a weekly basis, reaching $63.54, also recording its highest performance in the last 7 months. In the new week, which started with a horizontal trend, gold is trading at $4,340 per ounce, while in the domestic market, gram gold is being sold for 6,656 TL. The ounce of silver is trading at $64 with a 0.8% premium.