Islam Memiş set a date for gold prices: We may see a reaction increase

All eyes are on gold prices. How did the markets start the new week? How did the tide turn for gold? What will the direction of gold be? Financial analyst İslam Memiş commented on the matter during a live broadcast on A Haber. Here are the highlights from those statements; "AN OPTIMISM WEEK" We opened the week more optimistically than last week. This week marks the end of September, and September was a very stressful and tense month for the markets. However, looking back at this week, it's busy but more optimistic than last week. The start of talks between the US and China over the weekend, and the fact that Trump and the Chinese leader will meet on Thursday, were particularly optimistic announcements in the markets. WHAT WILL BE THE FED'S INTEREST RATE DECISION? Also this week , the US Federal Reserve (Fed) will make its interest rate decision at 9:00 PM on Wednesday evening, and 96% of the markets have likely priced in the Fed's 25 basis point rate cut . This is also within expectations. Also on Thursday, both the European and UK central banks have interest rate decisions. It's shaping up to be a busy week, but gold prices have started the week lower once again. "THERE IS A DECLINE OF 90 LIRA" For example, on Saturday, physical gold closed at 5,920 lira in the Grand Bazaar market . It's currently 5,830 lira . That's a decline of 90 lira , and we're on the first trading day of the week. "WE MAY SEE INCREASES IN REACTION" Gold is currently at $4,058 per ounce in international markets. We'll see a somewhat volatile gold market this week. Before Wednesday, after Wednesday. After Wednesday, we may see further upward pressure, and after the Fed's interest rate decision, we may see further upward pressure.