GOLD PRICES LIVE: Will the gram gold price rise? The price of gold is over 1000 liras… Here is the latest situation in investment gold

While the selling price of gold per gram was trading at the level of 1014 lira at the following hours, the prices of investment gold changed after this value.

While the selling price of the quarter gold is 1.666 liras, it is bought back at 1.647 liras. While the price of half gold is 3,331 liras, it is bought back at 3,282 liras. While the sale of Cumhuriyet gold is 6,640 liras, it is bought back at 6,564 liras.

An August without the Fed

• Eda MONTENEGRO
• Gedik Investment Investment Advisor

 There are many risks in global markets, such as recession concerns, high inflation, the Russia-Ukraine war, monetary policies of central banks. We will talk about these risks at the beginning of August. Many risks are still going on with the concerns of recession in global markets, high inflation, Russia-Ukraine war, monetary policies of central banks. We will talk about these risks at the beginning of August. This month will be a quiet month for central banks, especially for the US and European Central Banks’ interest rate decisions. The central banks of both countries did not make interest rate decisions in August. We are comfortable on that side until September. Inflation data will be at the forefront, and as long as the rise in inflation continues, aggressive steps may come from the Fed and ECB in the September meeting, and the expectations may begin to strengthen. However, it should not be forgotten that Europe’s job is more difficult. The recession in the economy and the energy crisis make it difficult for the ECB.

Therefore, I do not expect it to follow an aggressive policy as the Fed. If I come to the Fed, it will be an important meeting in September. It will be announced in the projections. It is a matter of curiosity how they make their year-end forecasts on inflation, employment and growth data and how they will give the markets a perception about interest rates for the next period. The CBRT’s interest rate decision will be followed domestically. The CBRT is expected to announce its interest rate decision on August 18. It may be too early to say anything from today. However, in the current situation, the CBRT is expected to maintain its current policy at its August meeting.

We are in the balance sheet period in Borsa Istanbul. Second quarter company profits will be followed in the first weeks of August. Stock on the indexIt may be possible to see divergences based on Technically, 2562 is a resistance point for the index that I watch in the short term. Following the closings above this resistance, reactions to 2600 points and above can be expected. Our latest peak is at the 2684 level. We saw this peak in June and then it started to lose momentum technically. For this reason, closings above 2600 points must be experienced in order to see a movement towards the top again. If this does not happen, it will be possible to interpret the rise in the index as a temporary rise. In the pullbacks, there is the support band of 2470-2480, where the averages pass, while closings below this range may lead the sales in the index to continue up to 2400 points. In this case, 2400 is our reference point, which will be followed below.

As long as sales are met up to this support, it can be expected to be replaced by reaction purchases. However, closings below 2400 points will cause sales to accelerate and the technical outlook to deteriorate.

Oil prices are among the most talked about topics lately. Although volatility continues in the short term, it seems to maintain its upside potential in the medium/long term. The main story for oil is supply-demand imbalance. The inability to produce enough to the market causes a supply shortage, and in this case, it pushes prices up. While the supply issue becomes more difficult due to the Russia-Ukraine war, additional production is not coming from the Gulf countries. Lastly, during US President Biden’s visit to the Middle East, Saudi Arabia announced that he would make additional production, but gave neither a date nor a commitment. Therefore, this situation will continue to cause prices to rise. When I look at the factors that suppress the demand and cause the prices to decline; the effect of the epidemic, the Fed’s falconry and higher interest rates, recession concerns. These will cause the demand to recover in oil to weaken and the prices to fall due to this. There will be OPEC+ monthly meeting in August. While a new decision is not expected, I think the messages to be given by Arabia may be important. Also during the month, news flows about the epidemic may continue to affect the course of recession oil prices. As a result, I expect short-term volatility, but keep my medium/long-term bullish outlook. The recession issue may continue to affect the course of oil prices. As a result, I expect short-term volatility, but keep my medium/long-term bullish outlook. The recession issue may continue to affect the course of oil prices. As a result, I expect short-term volatility, but keep my medium/long-term bullish outlook.