New Rally in Gold Prices: Year-End Forecast for Gram Gold

The global market is experiencing a new era of gold prices due to geopolitical tensions and central bank policies. Expert Mehmet Ali Yıldırımtürk predicts that the year-end price of gram gold could be between 10,000 - 11,000 TL, warning those with gold debt or upcoming weddings to be cautious. Global uncertainties, the US Federal Reserve's (Fed) interest rate policies, and fluctuations in oil prices continue to impact gold prices. According to expert Mehmet Ali Yıldırımtürk, short-term declines do not lead to panic selling but instead pave the way for a new rally. Yıldırımtürk notes that decreased tensions in the Strait of Hormuz and Brent oil prices stabilizing between 78-80 dollars have alleviated global inflationary pressures. This, in turn, eases the pressure on central banks' interest rate policies and creates strong global support for gold prices. The main factors driving gold prices upward are physical gold demand and the reserve policies of global central banks. In the domestic market, the price of gram gold is influenced by the USD/TRY exchange rate and expectations for gold prices. Yıldırımtürk points out that if gold tests the 5,600 - 6,000 dollar range, a year-end forecast of 10,000 - 11,000 TL for gram gold becomes a reasonable target. The market is dominated by expectations of a strong rise rather than a decline. Yıldırımtürk advises those planning weddings or with gold debt to consider current levels as a buying opportunity rather than waiting, as citizens are making gradual purchases without panic selling.