Gold prices keep moving

Gold prices entered an upward trend last year with the coronavirus epidemic. With the start of vaccination studies in the last months of 2020 and partial normalization in the markets, gold left its place to a downward trend. Making a statement on the subject, the President of the Sarrafs and Jewelers Association, Yusuf Yaşar said, “Recently, the gold market is being followed seriously by our people. Gold had risen a lot recently, and as it was rising, a rapid decline was inevitable. "We can say that he is making gold bottom right now" he said.

'GOLD WILL RISE AGAIN'

Predicting that gold will rise again, President Yaşar said, “We can say that gold makes a dip. The reason for its rise too high was the pandemic. Since no one in the world knew what happened and what will remain, those who had money turned to gold. As such, gold prices were high due to supply and demand. Now this is well on track. The ounce price of gold was up to around 2 thousand TL. The highest price it has seen in the past years so far is the level of 2 thousand. It has never broken 2 thousand so far, it has always returned from the border of 2 thousand. Now we have the spring month and the month of Ramadan. Weddings and associations took a break due to the pandemic. As in all sectors, there was a recession in our sector. Of course, this will not go like this, people will definitely make weddings and engagements. I hope that life will be on track with vaccines, ”he said.

‘TIME OF MARRIAGE'

Stating that it is not clear when the price increase will occur in gold, Yaşar said, “Gold acts depending on the dollar. I advise investors, wedding and engagement parties to buy gold in this process. I think they will use this opportunity. People can make mistakes at this point. They take the gold while it rises fast, they wait to see if it will fall more while falling. You have to do the opposite. Should be taken when falling or falling. Gold sees these price levels again. It is time to buy gold for investment or for wedding and engagement. I suggest they seize this opportunity. I hope the good days of Turkey, we are awaiting humanity. Gold has always been a safe port. In recent days, crypto coins and virtual coins have appeared. Of course, a certain age does not know this, but young people are willing to do that. It is not clear what will be what will remain. Gold is always reliable, ”he said. Drawing attention to the fact that gold always makes money, Yaşar continued his words as follows: “The main reason for this is; It is a limited amount of gold in nature. No matter how much the demand increases, you cannot increase its production. You need to find new resources and that does not meet the demand. As such, the price is inevitable. Investments should be made in gold, silver and foreign currency. For example, 10 years ago his weight increased from 10 thousand dollars to 58 thousand dollars now. That is five times more than foreign currency. In the long run, gold should always be preferred. Silver is also mentioned recently. Silver earned its investors last year. Silver had risen suddenly and now silver is falling too. "

'GOLD WILL RISE'

Estimating that gold prices will rise again, Nur Jewelery Owner Mevladen Gönüllü said, “How many years I am a tradesman. I don't think gold will fall any further than that. It may decline another 5-10 liras, but I am very sure that it will rise above 550 again. If the slightest incident that affected the economy in Turkey is doing gold price ceiling. The period of the pandemic in economic terms as well as the world has left Turkey in a difficult situation. Now is the time for investors to buy gold. So far I have not seen anything fall in Turkey. The great powers that hold the gold reserve are currently holding it in their hands. "I have never seen gold go up or down for about 40 years."

SÜMEYRA KENESARI / YENİ HABER