New year-end prediction from Mehmet Ali Yıldırımtürk: How much will grams of gold be?

Mehmet Ali Yıldırımtürk, President of the Istanbul Jewelers, Goldsmiths and Moneychangers Association, said that the course of gold and silver prices will be determined by the US Federal Reserve's (Fed) interest policy, economic data, central banks' purchases and geopolitical developments.

Yıldırımtürk predicted that an ounce gold recovery could be seen in the short term towards 4 thousand 140-4 thousand 150 dollars, and prices above 5 thousand dollars could come to the agenda in 2027. Yıldırımtürk, who showed the level of 6 thousand 500 TL in gram gold as support, shared his prediction of 9 thousand 500 TL for the end of the year.

Stating that gold faced various pressures in the second half of the year, Yıldırımtürk stated that the expectations of interest rate increases in the USA had an impact on the precious metal.

Stating that the level of 3 thousand 870 dollars per ounce is an important support, Yıldırımtürk stated that the prices are trying to hold on above 4 thousand dollars.

He evaluated that there may be a recovery towards the levels of 4 thousand 140-4 thousand 150 dollars in the short term.

Yıldırımtürk stated that gold maintains its long-term upward outlook and said that central banks may continue their gold purchases in 2027 for the purpose of reserve diversification.

He stated that political uncertainties in the USA, possible disruptions in the Trump administration's decision-making processes and question marks regarding artificial intelligence investments may support investors' demand for a safe haven.

Yıldırımtürk stated that gold may not face as many obstacles in 2027 as it did this year, and predicted that the ounce price could gradually rise and exceed 5 thousand dollars.

Emphasizing that the dollar/TL exchange rate, as well as the ounce price, is a determining factor in the price of gram gold, Yıldırımtürk said that domestic investor demand supports the prices.

Stating that the search for a safe haven became stronger after the fund crisis, Yıldırımtürk stated that even if ounces of gold decreased in international markets, the decrease in gram gold was not to the same extent.

Yıldırımtürk noted that some matured savings turned to gold with the expectation of a reduction in deposit interest rates, and said that the expectation that the dollar / TL exchange rate could rise to 52-53 TL by the end of the year could also have an impact on gram gold.

Yıldırımtürk stated that the level of 6 thousand 500 TL in gram gold has become support.

Stating that 7 thousand, 7 thousand 500 and 8 thousand TL levels may come to the agenda in upward movements, Yıldırımtürk predicted that the year-end closing of gram gold could be at 9 thousand 500 TL.

Stating that there has been a calmer outlook in the silver market recently, Yıldırımtürk said that the industrial metal demand is less on the agenda than in the previous period and there are sales from exchange traded funds (ETFs).

On the other hand, Yıldırımtürk stated that the use of silver in energy and artificial intelligence fields could support demand, and stated that the lower recycling rate compared to gold could also have an impact on prices.

Predicting that silver could continue its rise along with gold in 2027, Yıldırımtürk said that the level of 80 dollars could be seen in the short term. He shared his opinion that current price levels can also be considered as a buying opportunity.

According to Yıldırımtürk, the Fed's interest rate policy, central banks' purchases and geopolitical developments will come to the fore in the gold market.

Domestically, in addition to the movements in ounce gold, changes in the dollar/TL exchange rate will be decisive on the direction of gram gold.