Summer warning for gold investors: Watch the 8,000 TL level

Activity in the gold market continues under the influence of geopolitical developments in the Middle East and fluctuations in oil prices. According to some experts, the price pullbacks seen in recent weeks offer opportunities for investors. Gram gold is currently trading at approximately 6,815 TL, while ounce gold is trading at 4,709 dollars.

DO NOT ENGAGE IN SHORT-TERM TRADING

Sharing his assessments on a television program, Gold and Money Markets Expert İslam Memiş reminded investors to avoid short-term transactions, especially as we enter 2026. Memiş drew attention with his words, "Avoid short-term moves in 2026. We are in a period where you need to hold onto your assets by determining a long-term strategy."

JANUARY: A PERIOD OF BUBBLE GROWTH

İslam Memiş pointed out that the rise of ounce gold to 5,600 dollars and gram gold to 8,157 TL levels in the first month of the year was technically a "bubble." Stating that many investors suffered losses by buying at high costs during this sharp rise, Memiş underscored that the perception that "prices will never fall" is misleading.

SUMMER MONTHS WILL BE CRITICAL FOR GOLD

While outlining the roadmap for the market, Memiş stated that July and August would mark a decisive period for gold prices. According to him, while 5,200 dollars stands out as the primary target for ounce gold in May, gram gold is expected to test 8,000 TL and above during the summer months.

10,000 TL TARGET TOWARDS YEAR-END

Emphasizing that the impact of geopolitical risks on pricing continues, İslam Memiş stated that while there could be declines in ounce and gram gold in the event of a possible global tension, the general trend remains upward. Memiş predicted that, also influenced by the dollar exchange rate, the 10,000 TL level could be seen in gram gold by the end of the year.

News Source: 12punto