Gold Prices See Volatility Amid Geopolitical Tensions, Expert Sees Buying Opportunity

The gold market has seen some volatility in recent days, but expert Mehmet Ali Yıldırımtürk believes that this is just a temporary correction. Spot gold dropped from $4,450 to $4,300 levels and gram gold retreated from the 6,800 TL limit to around 6,730 TL, sparking questions among investors.

However, Yıldırımtürk sees these declines as a buying opportunity. He pointed out that if spot gold surpasses $4,385, it could rise to $4,400 again, but warned that the $4,300 and even $4,250 levels are crucial.

The expert emphasized that gram gold will maintain its upward trend as long as it holds above the 6,500-6,600 TL band. He predicted that if this happens, levels of 7,200-7,500 TL could come to the agenda in the near term.

Looking ahead to year-end, Yıldırımtürk stated that gram gold's target on a TL basis is maintained in the 10,000-11,000 TL range. On the spot side, he expects levels of $5,600-$6,000 to be seen towards the end of the year.

It's worth noting that Yıldırımtürk emphasized that these predictions are not an investment advice, and investors should do their own research before making any decisions.