Corona virus raises gold prices

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After the world struggles with corona virus, after economic crises in countries gold prices are on the rise. Ulah Foreign Exchange and Sarrafiye General Manager Nurullah Uzer, who serves in Nevşehir, said that they expect an increase in gold prices as the corona virus process prolongs. Uzor, “all the money-changers in Turkey as part of the fight against corona virus, restricting the working hours.

In Nevşehir, the consumers serve between 11.00 and 16.00. But the rise underneath is not related to these working hours or the interest in gold. The fact that world economies came to the point of collapse due to the corona virus made the uncertainty gold of the coming days safe haven again. Therefore, the gold continues to appreciate against other investments in the world against the dollar in the real market. As long as the corona virus continues, we do not predict any regression under it. However, after life begins to normalize, gold will lead itself after the decision of the economies of the country. But now it shows that if gold stays at the level of 1,732 ounces, it will move towards 800. Here, if he fails to break this point, he may experience a decline in ounce to 680 levels again. This may draw gold, which is currently at 390, to 375 again. However, as I said before in 2020, we expect gold to rise as a result of the fact that gold remains a safe haven and is preferred as an investment instrument. ”

“Every fall under should be evaluated”

Uzer, General Manager of Foreign Exchange and Sarrafiye, Nurullah Uzer said, that gold receivables should evaluate every drop without worrying about investing in gold. But we do not expect it to be very permanent here. We think that gold will give an opportunity to buy again. It can again drop to 380 levels and give the opportunity to buy. Citizens should not be disturbed after the decline. Each decline gives an opportunity to buy. Let them consider these drops. They should make their investments under gold. ”

“Let them buy gold in reliable trades”

Nurullah Uzer said that when buying gold, he said that you can buy gold from reliable goldsmiths you know. Uzer said, “Those who will buy gold should primarily shop from trusted tradesmen they trust. They invest in gold. Gold is a very different investment. Therefore, our citizens definitely get gold from the places they trust.”

SOURCE: IHA

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