The price of gold has reached 3 thousand liras! Upon hearing the experts' year-end gold prediction, people are rushing to the jeweler.

Inflation and interest rates have turned downwards, but gold prices have reached a new peak. In the US, the inflation data for August, which was announced yesterday, came out low. The focus is now on the interest rate decision that the FED will announce in the new week. When the expectation in the FED statement is that the interest rate will decrease, the fire of gold prices suddenly rose again and set a new record. The price of a gram of gold in jewelry stores rose to 2,835 Turkish liras.

"WE SELL QUARTER GOLD FOR 4,550 LIRAS"

In his statement to Kuyumcu Metin Yavuz Show News, jeweler Metin Yavuz said, "Gold once again did its show as it always does. This expectation that the FED will lower interest rates triggers gold in the opposite direction. After the record, yes, there was a slight decline. Today, we are selling 24-carat gram gold for 2,800 TL. We sell quarter gold for 4,550 liras."

A CRAZY FIGURE FOR THE END OF THE YEAR

Although the markets seem to have already bought the expectation of an interest rate cut, according to experts, the new record in gold is actually a harbinger of higher prices... Experts say that gold could reach levels of 3,300 - 3,500 by the end of the year.

"IF I HAD THE MONEY, I WOULD BUY"

A citizen who went to the jeweler to buy gold said, "If I had the money, I would buy." Another customer said, "We believe that it will reach even higher peaks" and expressed his belief that the upward trend will continue.