23.12.2025 11:40
Islam Memiş, an expert in gold and currency markets, stated that the rise in gold prices could partially protect investors in the short term, but it does not present a reassuring picture. Memiş emphasized that this increase indicates a rise in war, inflation, and uncertainty around the world.
Active days are being experienced in the gold market. Since the beginning of the year, the price of gold has increased by 71%, while expectations that the U.S. Federal Reserve (Fed) will make two interest rate cuts in 2026 continue to be reflected in the markets. The low-interest environment is increasing demand for precious metals that do not yield interest.
WHY IS GOLD RISING?
Geopolitical developments are determining the rise in gold prices. The U.S. expanding its oil blockade against Venezuela and Ukraine targeting a Russian oil tanker belonging to the "shadow fleet" in the Mediterranean have raised risk perception in the markets. Strong gold purchases by central banks and increased inflows into gold-based ETFs are also among the factors pushing prices higher.
46-YEAR HISTORICAL PEAK
Islam Memiş, a Gold and Currency Markets Expert, stated in his assessment on CNNTÜRK that gold has reached its highest levels since 1979. Memiş said, "There has not been a rise of this magnitude since 1979. We are talking about a 46-year historical peak. Gold loves cloudy weather; it always serves as a safe haven during times of war, economic crisis, and inflation," he said.
"THE RISE OF GOLD IS NOT GOOD NEWS"
In his assessment of whether the rise in gold is a harbinger of disaster, Memiş stated, "The rise in gold means war, it means inflation, it signifies that something is not going well. It may partially protect investors today, but there is not much to be happy about. This situation indicates that uncertainty is increasing in the world," he expressed.
CENTRAL BANKS ARE STOCKPILING GOLD
Emphasizing that the value of gold will not be discussed in the event of a war, Memiş said that central banks are also struggling to find direction in an environment of uncertainty. Memiş noted, "In 2025, central banks around the world stockpiled gold intensively. This can also be interpreted as preparation for war," he evaluated.