Gold price to hit 10,000 TL by year-end: Analyst İslam Memiş

As inflation continues to be a pressing concern for Turkish households, financial analyst İslam Memiş offers a bold prediction for gold prices, forecasting a surge to over 10,000 Turkish Lira by year-end. This outlook, shared during a recent broadcast, comes with a stark warning about the nature of the current global financial landscape, which Memiş characterizes as a 'year of manipulation' rather than one focused on traditional profit-making.

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2026 is not a year for making money, it is a year of manipulation. They will continue to sustain the manipulation in the markets every month until the end of the year.

Memiş's analysis points to a complex interplay of global events influencing commodity markets. He suggests that the recent dip in gold prices, typically expected to rise during times of conflict, is linked to 'margin calls' and the need for liquidity among Gulf nations due to geopolitical tensions. This, he argues, is part of a broader US-led strategy to strengthen the dollar, thereby suppressing gold prices. "The math is very simple: as the dollar index rises, gold prices are pushed down," Memiş explained, highlighting a perceived systemic manipulation.

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The system managers are extracting the cost of war from investors trading in ETFs and Central Banks.

Domestically, Memiş views the Central Bank of the Republic of Turkey's decision to hold the policy rate at 37% as a prudent 'wait-and-see' approach. However, he acknowledges the significant pressure on citizens from rising costs of living, including minimum wage adjustments and basic consumption prices, which are fueling political discourse. The analyst advises investors, particularly those with gold debts or planning weddings, to see prices below 7,000 TL as a potential opportunity, emphasizing the importance of focusing on the quantity of gold rather than short-term price fluctuations.

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The math is very simple: as the dollar index rises, gold prices are pushed down.

From a Turkish perspective, Memiş's commentary provides a narrative that aligns with a degree of skepticism towards Western financial systems and a focus on domestic economic pressures. His predictions, while potentially optimistic for gold holders, are framed within a context of global financial maneuvering that requires careful navigation. The advice to prioritize quantity and hold assets reflects a strategy often favored in economies facing currency volatility and inflation, offering a grounded perspective for local investors amidst global uncertainty.

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The decision to keep the policy rate at 37% is a 'wait-and-see' approach, and this decision is correct, but inflation data will be decisive.