Will the Rise of Gold Continue? Critical Warning from Mahfi Eğilmez

Economist Dr. Mahfi Eğilmez recently made significant assessments regarding the future of gold prices during a live broadcast on CNBC-e. Eğilmez highlighted points that are noteworthy for investors, stating that there are strong signals indicating that the rise in gold prices may continue.

In his statements, particularly the likelihood of the U.S. government shutting down emerged as one of the factors increasing gold demand. The approaching possibility of a government shutdown may deepen the uncertainty, prompting investors to turn to gold, which they see as a safe haven. In this case, it seems inevitable that more investors will turn to gold to diversify their portfolios.

Nevertheless, Eğilmez warns that there may be some fluctuations in gold prices in the short term. A potential profit realization due to market conditions could lead investors to feel the need to realize their profits, which may result in a temporary decline in gold prices. However, in the long run, the potential for gold prices to continue rising presents an attractive situation for investors.

Eğilmez emphasizes that investors should act consciously, drawing attention to the importance of holding gold in their portfolios. In the face of economic fluctuations, gold continues to maintain its status as a safe investment vehicle. Eğilmez also notes that acting without sufficient analysis in the current gold trading could be risky.

In addition to monitoring the direction of gold prices, investors also need to consider global economic indicators. The release of economic data and geopolitical developments are critical factors that affect the trend of gold prices. Dr. Mahfi Eğilmez's comments on this point can illuminate the decision-making processes of investors.