Economist Selçuk Geçer has shared his outlook on gold and dollar movements, stating that prices could rise sharply and unexpectedly. Speaking on his YouTube channel, Geçer discussed short-term expectations and highlighted notable price targets for gold per gram.
According to Geçer’s assessment, the real value of the dollar is above 80 Turkish lira, and he projected that the dollar could reach up to 120 lira. For gold, he forecasted a price of $5,000 per ounce, which would translate to approximately 12,000 Turkish lira per gram under current exchange conditions.
Geçer attributed these expectations to ongoing tensions between former U.S. President Donald Trump and the Federal Reserve, suggesting that Trump’s pressure on the Fed could lead to more aggressive interest rate cuts. He described this dynamic as a continuing struggle between the Fed’s traditionalist faction, led by Jerome Powell, and those advocating for policy shifts aligned with the administration.
The economist emphasized that geopolitical risks and domestic economic conditions in Turkey are contributing to market volatility, and he anticipates significant shifts in both currency and commodity markets in the coming period.
His remarks were directed at investors seeking clarity amid uncertain market conditions, particularly those holding gold and silver assets. Geçer also addressed criticism regarding his comments about retirees and minimum wage earners, defending his analysis as grounded in macroeconomic trends.
The projections approach amid heightened attention to monetary policy decisions and inflation trends, with many analysts monitoring the Fed’s next moves for signals on interest rates.