05.11.2025 18:02
Expert Islam Memiş evaluated the fluctuations in gold as a "manipulation process" and urged investors not to panic. He stated that he expects a decline in the short term but an increase in the long term, saying, "Our target for 2026 is 8,800 TL per gram of gold and 4,880 dollars per ounce."
As gold prices continue to experience sharp fluctuations, expert İslam Memiş described the market activity as a "manipulation process." Memiş stated that the decline may continue in the short term, but gold will rise again in the long term, sharing a target of 8,800 TL for gram gold by 2026.
"MANIPULATION MARKET HAS STARTED"
Gold and Currency Markets Expert İslam Memiş evaluated the sharp ups and downs in gold prices in recent weeks. Memiş drew attention to the global manipulation process that began in October, using the following statements: "There was a manipulation market that started particularly in October. They initiated a speculation process worldwide. A perception was created on social media that 'there is no gold, there are queues for gold.' However, as of November, the People's Bank of China announced new taxation, and the Central Bank of the Republic of Turkey halted gold purchases. There is also activity in central banks. Investors need to be very careful during this period."
"THE DECLINE MAY CONTINUE, BUT NO PANIC"
İslam Memiş indicated that the decline in gold prices may continue in the short term, summarizing the latest market situation with these words: "In October, gram gold reached a level of 6,282 TL. It is currently around 5,537 TL. There has been a loss of approximately 750 TL in value. We expect this downward trend to continue for the next two weeks."
Memiş also emphasized that the Central Bank of the Republic of Turkey's halt on gold purchases has created a new balance in the market and that there has been a significant decline in physical gold craftsmanship: "For the first time in the history of the Republic, there was a craftsmanship fee of 11,500 dollars for 1 kilogram of physical gold. Now it has decreased to as low as 4,500 dollars. This means that gold is slowly finding its real value."
"NOVEMBER MAY BE A MONTH OF OPPORTUNITY"
Memiş suggested a "gradual purchase" strategy for investors: "Uncertainty continues in global markets. Geopolitical risks and central bank purchases are ongoing. Gold is always a safe haven. As of today, investors can start their gradual purchases and complete this process by the end of November. Those who have gold should not panic; these declines are not permanent, they are temporary."
GOLD TARGET FOR 2026: 8,800 TL
Stating that gold will rise again in the long term, Memiş shared his price forecast: "We will follow the levels of 5,400–5,500 TL for gram gold. However, our target for 2026 is 8,800 TL for gram gold and 4,880 dollars for ounce gold. Therefore, today's declines are a buying opportunity for investors."