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HOW DO CORONAVIRUS VACCINE STUDIES REFLECT ON GOLD PRICES?
Gedik Yatırım – Investment Advisor Onurcan Bal, while assessing the impact of vaccine news on A Para markets, made last minute assessments for gold prices. Bal said vaccine news supports risk appetite with optimistic expectations in the markets, “However, it will take time to switch to vaccination worldwide.”
Stating that financial markets are pricing a bit further ahead, the expert said: “Gold prices remain above $ 1900. The extra optimistic climate caused by vaccination may cause corrections in gold prices in the short term, but overall expectations on the long-term gold ounce side continue to rise. “
Onurcan Bal also said: “It supports the environmental gold prices we are in in the long term. For the long term increase to gain traction, closings of more than $ 2000 are required in the short term. Developments due to the epidemic and vaccination studies will continue to be decisive in gold prices. “
“THE PRICES OF GOLD MAY DECREASE”
Strategist Yeliz Karabulut made critical assessments of gold prices at A Para. Karabulut stated that he expects a gradual decline in gold prices in the next period if economies recover and the second wave is not seen, and said: “The expected movement in the dollar index could bring down gold.”
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