Market Analyst Warns of Critical Levels for Gold and Silver

Şant Manukyan, Deputy General Manager of İş Yatırım, has issued warnings to investors regarding potential accelerated selling in precious metals. He identified critical price thresholds to watch, specifically noting $4,000 for gold and $55 for silver.

Regarding energy markets, Manukyan noted that oil prices have remained above $100, reaching $117 recently due to ongoing geopolitical risks in the Middle East. He highlighted that while oil transportation from the Gulf has largely normalized due to the presence of the US Navy, tanker transportation and insurance costs remain high, indicating that market conditions have not yet returned to normal.

Manukyan also discussed the political landscape in Israel and the United States, suggesting that upcoming elections could shift regional expectations and impact the geopolitical risk premium currently affecting oil prices.