The US Federal Reserve kept interest rates unchanged at 3.5%-3.75% this week. The decision was widely anticipated by markets around the world. Gold prices dipped below $5,000 per ounce before the announcement. Investors are now assessing how this monetary policy stance will affect their portfolios.
In Turkey, gram gold has been trading near 7,000 Turkish lira recently. Turkish financial analyst İslam Memiş described current market conditions as highly volatile. He warned that geopolitical tensions make it wrong to expect falling prices. Memiş set a long-term target of 8,800 TL per gram for 2026.
The Fed raised its inflation forecast to 2.7% for this year. Middle East tensions and rising oil prices have complicated the economic outlook significantly. Central banks worldwide continue to accumulate gold as a safe-haven asset. This structural demand has been a key factor supporting higher prices globally.
Memiş advised investors to consider gradual buying during price dips. He suggested that current declines could represent a strategic buying opportunity. If geopolitical uncertainty eased, precious metals might face short-term pressure. However, most analysts remain bullish on gold through the rest of 2026.