Gold warning from Mahfi Eğilmez: He pointed to 3 people
Commenting on gold prices that hit record highs following Israel's attack on Iran, economist Mahfi Eğilmez advised investors to hold gold against geopolitical risks. He said, "Have some gold in your basket as insurance."
12punto
The escalating tension in the Middle East has directly reflected on financial markets. The military operation launched by Israel against Iran has increased the global search for safe havens, while record levels have been seen in gold prices. Economist Mahfi Eğilmez drew attention to the impact of geopolitical risks on investment portfolios and made a striking post.
NEW RECORD IN GOLD
A wave of increases began in the markets following Israel's multi-stage airstrikes. Gram gold reached the level of 4,379 TL, seeing the highest value of all time. At the same hours, ounce gold refreshed its record by rising to 3,444.53 dollars.
As of 11:54 today, the state of the markets is as follows:
Ounce gold: 3,425.57 dollars
Gram gold: 4,342.73 lira
Dollar/TL exchange rate: Trading at the 39.42 level.
Renowned economist Mahfi Eğilmez emphasized in his post on the X (formerly Twitter) platform that global markets have become fragile due to the influence of geopolitical leaders. Eğilmez used the following expressions:
“If Trump, Putin, and Netanyahu are in power, it is useful to have some gold in your basket as insurance.”