İslam Memiş provides outlook for gold, silver, and oil prices

Financial analyst İslam Memiş has provided market outlooks for gold, silver, and oil during a broadcast on CNBC-e. Regarding gold, Memiş noted that after ounce gold rose from $3,950 in July to $4,688 in August, profit-taking became technically expected. He identified $4,300 as a strong support level and suggested that if the market recovers, it could reach $4,800 in the next attack.

For investors in Turkey, the price of gram gold is influenced by both international ounce gold prices and the USD/TRY exchange rate.

In the energy sector, Memiş observed oil prices reaching the $96 level before retreating to approximately $95. He expressed skepticism regarding the permanence of recent oil price increases, noting that profit-taking has occurred. He also touched upon the geopolitical tensions involving Iran and the potential impact of US monetary policy and upcoming elections on market stability.