06.03.2026 17:57
While the US-backed Israel-Iran war continues in the Middle East, gold prices, which were expected to rise, have declined. Gold and Currency Markets Specialist İslam Memiş stated that he believes the decline will not be permanent, saying, "When the ceasefire news comes, it is highly likely that gold will rise again. We have an expectation of an increase until the middle of this year. We also maintain our expectation for the 10,000 TL level in gram gold."
The war between the USA, Israel, and Iran in the Middle East has also impacted the markets. While an increase in gold prices was expected due to the war, the opposite occurred, and gold began to decline. As uncertainty in gold prices continues, important statements have come from Gold and Currency Markets Expert İslam Memiş.
GOLD INVESTORS WILL BE CAUGHT OFF GUARD
In a live broadcast on TGRT News, Memiş answered questions from Gülden Kalecik Demirtaş regarding the reasons for the decline in gold and when it might rise again. The news Memiş is waiting for to signal a rise will catch investors off guard.
"WORLD TRADE MAY FACE HYPERINFLATION"
İslam Memiş's statements are as follows: "The longer the war lasts, and the longer the Strait of Hormuz remains closed, the more the world economies will suffer damage from inflation. With the Strait of Hormuz closed and ships being attacked there, there is a serious risk that world trade will face hyperinflation.
Forty-five percent of China's oil passes through here. We know that 40 ships pass through this route daily. A quarter of the world's energy passes through this region. The oil and natural gas of the Gulf countries pass through here. The Strait of Hormuz continues to pose a serious risk.
"INFLATION IS COMING LOUDLY"
Before the war, oil prices were at 72 dollars, and a level of 85 dollars was observed. If this high tension continues, an additional increase of 1-1.5 points in inflation is possible. Inflation will start again not only in Turkey but in all developed countries.
My personal prediction is that they intentionally started this war to deliberately trigger global inflation. Subsequently, they will explain the transition to digital currencies to the world. Currently, in terms of economic cost, inflation is coming loudly. Central banks will pause interest rate cuts, and perhaps an increase will begin again. There may be a rise in food prices and agricultural commodities..."
"PRICES MAY RISE WHEN A CEASEFIRE NEWS COMES"
I would like to refer to the 12-day wars here. Last year, America and Israel attacked Iran, and during that period, we saw a decline in gold prices. After the war ended, there were increases again.
In such an environment, it may not be correct to expect gold prices to decline permanently. When a ceasefire news comes, it is a strong possibility that increases in gold will start again.
"WE MAINTAIN OUR EXPECTATION FOR 10 THOUSAND TL"
We had previously expressed our expectation for an increase in gold prices in terms of ounces and grams until the middle of this year. We maintain our expectation for levels of 6 thousand dollars for ounces and 10 thousand lira for grams. We believe that these declines may not be permanent.
*THIS NEWS IS NOT AN INVESTMENT ADVICE.