Gold Assessment from Economist Bayram: Fed Interest Rate Decision Will Direct the Market
मुख्य बिंदु
- 1. The Fed meeting to be held on July 24 will be decisive for the future direction of gold prices.
- 2. The rise in US bond interest rates (4.29 percent - 4.60 percent) pressures gold prices, which do not have a fixed yield.
- 3. 6.000 lira for gram gold and 4.000 dollars for ounce gold stand out as critical levels to be closely monitored for the trend.
- 4. With the continued purchases by central banks, gold reserves have risen to the level of 159 billion dollars.
आंकड़ों में
Economist Muhammet Bayram stated that the fundamental determinant of the fluctuating course in the gold market will be the interest rate policy of the US Central Bank (Fed). Noting that global geopolitical risks, tensions in the Strait of Hormuz, and rising US bond yields are putting pressure on gold prices, Bayram emphasized that short-term uncertainties persist and investors should not act hastily.
Drawing attention to the competition in the market between gold, which has no interest yield, and fixed-income US bonds, Bayram stated that 2-year bonds have reached 4.29 percent and 10-year bonds have reached 4.60 percent. Although the probability of the Fed raising interest rates seems low, it was stated that a rate cut will not be easy in the short term due to tensions in the Strait of Hormuz.
Advising investors to follow the thresholds of 6 thousand lira for gram gold and 4 thousand dollars for ounce gold, Bayram said that permanent drops below these levels indicate that prices could fall further. Additionally, he added that Central Bank gold reserves have reached 159 billion dollars and that gold continues to be a safe haven against inflation in the long term.
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अक्सर पूछे जाने वाले प्रश्न
- 1. What is the main determining factor in gold prices?
- Although geopolitical developments have an impact, the main factor that will determine the direction of gold in the markets is the Fed's decisions regarding whether it will cut interest rates.
- 2. What is the recommended strategy for investors to buy gold?
- Due to uncertainties in the market, economists advise investors not to make hasty decisions and to calmly wait for the aftermath of the Fed meeting.
- 3. What is the critical level in lira that investors should pay attention to for gram gold?
- Economist Muhammet Bayram stated that he considers the level of 6.000 lira for gram gold as a critical threshold to be monitored.
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