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 Finance expert commented that gold prices will not decline


Emphasizing that globally increasing geopolitical risks cause the increase in not only oil prices but also commodity prices, which are considered as safe investment instruments such as gold, Financial Markets Specialist Hakan Yıldırım said: “Gold prices in ounces may settle into a new band. Global tension and increased geopolitical risks may signal the impossibility of a decline in prices.”


In recent days, precious metals such as gold and oil are among the investment instruments that investors closely follow. Finance experts Express that taking into consideration weekly crude oil stocks announced by American Petroleum Institute, the decline of 5,945 million barrels is seen. This situation contributes to the increase in oil prices. The main reason for the increase in oil prices is expressed as the agenda item on the US-Iran tension. The attack on the US base, in particular, is cited as one of the biggest reasons for the rise in oil prices. Regarding on the shaping the markets in the future after the Iranian Revolutionary Guards Army’s air ballistic missiles attack to US bases stationaed in Iraqi Anbar and Arbil cities Financial Markets Specialist from Istanbul Gelisim University Asst. Prof. Dr. Hakan Yıldırım made comments.

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