Striking analysis from experts: Is it the right time to invest in gold?

Important assessments have been made for those looking to invest in gold. According to these analyses, gold will offer investors the potential to achieve strong returns.

According to a report by Şenay Zeren from Ekonomim.com.tr, experts are of the opinion that the declines in gold prices could create investment opportunities in the coming period.

Onurcan Bal, Deputy Manager of Investment Consulting at Gedik Yatırım, stated that while the price of an ounce of gold may follow a volatile course in the near term, it could show a more positive trend in the second half of the year due to the impact of interest rate cuts. Regarding gram gold, experts expressed that levels around 2500 TL could come onto the agenda in 2024 due to the effect of the rise in the price of an ounce of gold.

Murat Özsoy, Founder of Biz Finansal Danışmanlık, stated that gold will generally not remain above 2000 dollars throughout the year and that levels below 2000 dollars could offer buying opportunities for investors. According to Özsoy, there is no need to sell gold held in gram form, and it will provide significant gains by the end of the year.

Experts, who particularly draw attention to developments in the dollar/TL exchange rate and the price of an ounce of gold, stated that if the price of an ounce of gold falls below 2000 dollars by the end of March, investors should evaluate this opportunity. It was noted that limited buying opportunities might also emerge in the second and third quarters of the year. However, it was pointed out that this period would not be as significant as the aforementioned period.