Will Gold Prices Fall? Islam Memiş, AA finance analyst, noted that developments in the treatment of the Kovid-19 epidemic and the relative alleviation of regional geopolitical risks are the main factors reducing the price of an ounce of gold. In mentioning Memiş, “However, the statements by Russian President Vladimir Putin and US President Donald Trump on the vaccine caused a drop in gold prices.” Memiş said that following the announcement of Trump’s vaccine, the price of an ounce of gold fell to $ 1,911 and the price of gold per gram fell to 433 lira, so they observed that news about vaccines put pressure on prices of raw materials. If the news of a vaccine approved by the World Health Organization at the end of the year arrives. “However, as long as the low interest environment, abundant liquidity and geopolitical risks continue, demand for gold may continue.” Memiş had this to say about the gram of gold: “In the first week of August, when the price of the gram of gold rose to 515 lira in the Grand Bazaar, we saw citizens make panic purchases. We witnessed citizens they were making panic purchases worth $ 7 billion in 2 weeks. We can advise investors to be cool during fluctuations, not to panic purchases and wait for the markets to normalize. “
