[ad_1]
The surpassing of the 8 lira dollar caused gold prices to break a record in TL terms. Gram gold saw its all-time peak with 497 lire.
Thus, the gold investor has gained 3.5 percent in TL terms in the last week. With the recent surge, gold has gained its investors 5.5 percent in the last month and 134 percent in 2020. Gram gold had started 2020 from 212 lire.
Meanwhile, the resumption of coronavirus cases around the world has increased the search for safe havens. This search caused the price of an ounce of gold to increase.
Although following a bumpy chart, the price of an ounce of gold has risen 1.5 percent in the last month and has reached $ 1,908. Gold started the year at $ 1,529.
THE END OF THE YEAR FORECAST IS 2000 DOLLARS
In other words, gold buyers in early 2020 have received about 25 percent in dollar terms so far.
Analysts at Standard Chartered stated in a report published this week that they expect the price of gold to hover around $ 1,900 until the US election due to the strengthening of the dollar. The bank announced its year-end price forecast at $ 2,000 and its price forecast for the first quarter of 2021 at $ 2,100.
