10.03.2026 12:22
Islam Memish, a money and market expert, stated that while the tension between Iran and Israel continues, fluctuations in gold prices persist. He mentioned that after the end of the war, there could be an increase, but sharp declines may also occur after peak levels.
As the attacks by the US and Israel on Iran enter their 10th day, fluctuations continue in global markets. Currency and Market Expert Islam Memiş stated that there could be a new wave of increase in gold prices after the war.
FLUCTUATING TREND IN GOLD
Islam Memiş noted that gold prices exhibited a fluctuating trend last week, stating that on Monday of last week, gold was at the level of $5,420, and then the prices fell to $5,080. After this decline, Memiş mentioned that gold rebounded and moved towards the $5,200 level, indicating that significant buying opportunities have emerged in the market.
"GOLD IS STILL CHEAP"
Memiş expressed that the buying opportunities that arose in gold last week are still ongoing, stating that according to his assessment, gold remains cheap. He emphasized that global risks, the war environment, and inflation expectations are important factors supporting gold prices upward.
EXPECTATION OF INCREASE AFTER THE WAR
In his evaluations regarding the direction of gold prices, Memiş stated that a new wave of increase in gold prices could be seen after the end of the war. He noted that the pullbacks in gold prices are not permanent and that investors could see these declines as opportunities.
PEAK FORECAST FOR OUNCES AND GRAMS OF GOLD
Sharing his year-end expectations, Memiş expressed that the peak for ounce gold could be at the level of $6,000. For gram gold, he mentioned that the level of 10,000 TL could be seen, stating that he has not made any changes to these forecasts.
WARNING OF SHARP DECLINE AFTER THE PEAK
Memiş indicated that after gold prices test peak levels, a sharp pullback could occur, stating that ounce gold could decline to the level of $4,000. He warned that there could be at least a 2,000 TL drop in gram gold. Memiş expressed that this decline would not happen immediately and that gold must first reach peak levels.
* THIS IS NOT AN INVESTMENT ADVICE