21.05.2026 15:01
Prof. Dr. Murat Ferman stated that the increased need for cash before the holiday could create short-term pressure on gold prices, and that a pullback of 200-300 Turkish Lira in gram gold could occur. Ferman added that despite this, gold would continue its upward trend in the medium and long term.
While volatile trends continue in the gold market, notable assessments came from Prof. Dr. Murat Ferman. Ferman stated that the increasing cash needs before the holiday could create short-term pressure on gold prices, and that gram gold could see a pullback of around 200-300 TL.
“CASH NEED INCREASES DURING HOLIDAY PERIOD”
Prof. Dr. Murat Ferman stated that extended holiday periods directly affect economic behavior. Ferman noted that citizens turn to cash during holidays and especially before Eid al-Adha, the need for Turkish lira increases, which could create short-term selling pressure on gold prices.
“GRAM GOLD COULD SEE A 200-300 TL PULLBACK”
Evaluating gold prices, Ferman said that downward movements could be seen in gram gold due to the holiday effect. Ferman stated, “A pullback of around 200-300 TL could be seen in gram gold.”
Ferman emphasized that gram gold has recently struggled to remain stable at the 7,000 TL levels and highlighted that global economic developments lie behind the price movements.
“UPWARD TREND WILL CONTINUE IN THE MEDIUM AND LONG TERM”
Stating that despite short-term fluctuations, gold will maintain its upward trend in the medium and long term, Ferman reminded that gold has provided significant gains to its investors in the past. Ferman said, “The direction for gold is upward in the medium and long term.”
EMPHASIS ON FED AND DOLLAR
Noting that interest rate policies are decisive on gold prices, Ferman said that interest rate hikes put pressure on gold, while expectations of rate cuts support gold.
Evaluating the interest rate policies of the US Central Bank, Ferman stated that the Fed minutes contain signals that rate cuts could be delayed.
He also noted that the strengthening dollar puts pressure on gold.
OIL PRICES ALSO HAVE AN IMPACT
Stating that there is a strong relationship between gold and oil prices, Ferman said that rises in oil prices pressure gold, while declines create room for gold.
Expressing that global developments directly affect financial markets, Ferman emphasized that in times of uncertainty, all asset classes move in correlation.
“STAGFLATION RISK IS INCREASING”
Stating that growth expectations in the world economy are being revised downward, Ferman said that inflation continues to rise simultaneously.
Pointing out that this situation increases the risk of “stagflation,” Ferman expressed that a challenging picture is emerging for both Turkey and the global economy.
H3>“GOLD IS NOT SPECULATIVE, BUT A VALUE PRESERVATION TOOL”
Emphasizing that gold should not be viewed as a short-term profit tool, Ferman said that investors should act according to their personal needs and risk profiles.
Ferman stated that gold is an investment tool aimed at long-term value preservation, not consumption.
* THIS IS NOT INVESTMENT ADVICE