Warning for gold and silver: Beware of manipulation

Rising uncertainties and geopolitical risks in the global economy are causing storm-like fluctuations in precious metals. İslam Memiş, a frequent voice in financial analysis, stated that we have entered a period where price volatility and manipulative movements in gold and silver have come to the forefront, particularly in 2026. Emphasizing that sharp movements of up to 300 dollars in the daily price of an ounce of gold could occur, Memiş advised investors to build their portfolio strategies primarily for the long term rather than engaging in speculative and short-term transactions.

According to Memiş's assessments, the messages sent to global markets after Donald Trump returned to the presidential seat in the US have also brought the role of the dollar in global trade into question. Pointing to recent developments, Memiş remarked, "As soon as Trump took office, he sent a message to the world: 'If you abandon the dollar, be prepared for a 100 percent tax.' In other words, countries received a threat." Despite this, it was noted that global demand for the dollar has declined and its international usage fell from 80 percent to 46 percent in 2025. Memiş also mentioned that BRICS countries have begun to turn toward their own currencies.

Defending the view that claims circulating on social media in January 2026 that "there is no gold left in the world" were largely speculative, the analyst stated, "In January, photos of queues were shared on social media with the caption 'There is no gold left in the world.' Most of this was manipulation and speculation. They trapped people and made them buy at high costs. Then the bubble burst." He added that there were no panic purchases at the Grand Bazaar and that citizens are now acting more consciously against such manipulations.

GLOBAL IMPACTS AND PRESSURE ON GOLD PRICES

While noting that significant changes are occurring in the physical gold market, İslam Memiş explained that the premium on one kilogram of gold bullion, which was 14,500 dollars in January, has gradually fallen to 2,500 dollars. He stated that restrictions on gold imports and a decline in demand played a role in this drop.

Pointing out that global macroeconomic indicators are behind the recent decline in gold prices, Memiş emphasized that the dollar index climbing above the 99 level has caused assets such as the euro, gold, and silver to lose value. He also noted that central banks' interest rate decisions and upward revisions to inflation expectations have led to increased pressure on gold.

Drawing attention to the trend of central banks around the world stocking up on gold, Memiş assessed, "Central banks were already prepared for this years ago and stocked up on gold like crazy. In such an environment, would gold fall? My answer is no." Addressing investors, he noted that intraday volatility has become very high and that gold has become almost as susceptible to instantaneous changes as the stock market or cryptocurrencies, issuing the following warning: "They will try to plant the thought in people's minds that 'gold and silver are no longer a safe haven.' There is such a preparation underway."

Memiş also drew attention to current risks with the following words: "An ounce of gold finished the week at the 5,153 dollar level. But last week it also saw the 5,060 level and climbed above 5,200 dollars. There is an ounce of gold that fluctuates by 300 dollars even on a daily basis. Previously, this volatility would happen annually. Now we see 300 dollar movements even within a single day."

Stating that China's export restrictions on silver and the size of the US gold reserves are significantly affecting the balance of power in the global commodity market, Memiş noted that uncertainty regarding the future of the markets has increased under current conditions: "The markets are in a foggy, dark tunnel. It is uncertain what kind of world economy we will wake up to tomorrow morning. Gold is the only valid currency in a war environment. Citizens should think long-term rather than thinking 'I'll buy and sell and make money'."

Finally, drawing attention to the gold accumulation policy of central banks, Memiş said: "The reserve currency in the world is the dollar. But why is the most gold in America, with 8,133 tons? Why have central banks been constantly stocking up on gold for the last two years? As people find the answers to these questions in a system that says 'I print unlimited money,' they will better understand that gold is the real money."

News Source: 12punto