Groundbreaking assessment on gold from Özgür Demirtaş

Renowned economist Özgür Demirtaş has shared his assessments regarding recent movements in the gold market. Stating that investors should be cautious against short-term fluctuations, Demirtaş expressed that the general outlook points to an upward trend in gold prices.

“SUPPRESSION” COMMENTARY ON PRICE MOVEMENTS

Demirtaş stated that current price levels should not be interpreted as a decline, describing the situation as a “suppression process.” The economist noted that he does not view the $4,500–$4,700 range as a collapse, adding that these levels serve as an accumulation zone for major investors.

FACTORS SUPPORTING THE RISE

Defining gold not only as an investment vehicle but also as a safe haven, Demirtaş listed the primary factors that could influence the upward movement of prices. Accordingly, the increasing economic impact of tensions between the US and Iran, central banks turning to gold in their reserve preferences, and the deepening of trust issues on a global scale were among the prominent factors.

EXCHANGE RATE AND OUNCE EFFECT FOR TURKEY

Commenting on Turkey, Demirtaş stated that the suppression of the exchange rate is not sustainable in the long term. He noted that if the increase in the global ounce price combines with potential movements in the exchange rate, a rapid rise in gold prices could occur.

TIMING WARNING TO INVESTORS

Touching on investor behavior, Demirtaş stated that opportunities usually arise during periods when the market is calm. He called on investors to be careful, saying, “The market gives you the opportunity not when the noise starts, but when everything is quiet. When television channels say ‘gold is soaring,’ it is already too late.”

DEMİRTAŞ'S $7,000 PREDICTION

Demirtaş stated that gold could first surpass the $5,000 and then the $5,500 levels in the coming period, and could subsequently move toward $7,000. He expressed that this process is linked to the dynamics of the current economic system rather than being a mere prediction.

Editor's note: This news content does not constitute investment advice.

News Source: 12punto