00:00How much time will it reach all-time high, ma'am? Gold and silver are all correct in all-time
00:06high levels.
00:07Yes, we saw all-time high levels in January.
00:10This year, there was a lot of margin calls.
00:15There was a lot of bearishness.
00:18And then, in five months, we were looking at geopolitical tensions between the US and Iran.
00:24But now, finally, it seems that the US and Iran are coming to understand.
00:28They will come with a peace deal and an agreement.
00:32So, that's why we got a bullish momentum on the prices.
00:36I think, all-time high levels will take a little time.
00:39At least 4-5 months.
00:41Maybe, we can see new highs in next year.
00:46By the end of this year, I think it will close as a strong note.
00:50The price of gold is close to $5,000.
00:56The price of silver is close to $85-$90.
01:00So, now, I think it is a place of 20-25% by this year.
01:05But, new highs, I think we can see next year.
01:10Coming to that, ma'am, what should we do with targets?
01:13What should we do with short-term and long-term?
01:15Yes, I just found it, there is an opportunity to go.
01:21But, they still have the opportunity to go to the price.
01:26The price of gold is $5,000 for this year, which seems close to the price of 15% of
01:38the year.
01:38Silver which is currently 65-66 dollars to trade, I think that 80-85 dollars can be closed.
01:47In the world, 80-25% of the upside. So now gold is 15% upside, silver is 25%
01:56upside in the next 3-4 months by this year end.
02:00Okay, but if you consider gold a little, there are many statements like this and many geopolitical events.
02:10For example, Donald Trump's statements react very quickly on the global market and especially on the bullion market.
02:20When the crude prices are volatile, we also see gold on it.
02:24Besides, Fed's decisions impact a lot.
02:28Fed's policy is also going to come, and Donald Trump is in his statements.
02:34Does Trump and Fed see a range bound structure here?
02:41If there are not events happening, do we see a new trend in the bullion market?
02:46Definitely, you have said it.
02:49There are two factors in 2026, which have put the gold prices so much lower.
02:56We have seen that all-time high prices have been almost 30% lower.
03:01So these were the two main factors.
03:03Geopolitical tension between US and Iran, and that's why there are a lot of inflation concerns with crude oil prices.
03:10And because of inflation concerns, interest rate's trajectory, which was expected before, was expected.
03:17And that's why we are seeing that Fed's decisions and meetings have been very important in the past 2-3
03:26months.
03:26And the future will be very important.
03:30The Fed's interest rate will increase or not.
03:34This is a very important factor.
03:36As for last week, unemployment numbers were not good.
03:40We saw that Fed's probability rate of IQ will be low.
03:44And it will be very much impact.
03:47These are the most important factors in 2026.
03:51And in the next 3-4 months, these are the two important factors that will impact the dollar index, treasury
03:59yields, and in turn, gold and silver.
04:03So I think these two factors are very important.
04:06As of now, both factors were negative until July month.
04:10But gradually, from August month, we are seeing that both of the things are supporting the gold and silver.
04:16And I hope, as if war is finished, the prices will start to increase.
04:22In the US, there are mid-term elections.
04:24And the Fed's policy is also going to come.
04:27So if we talk about the Fed's policy, then where are the bets?
04:31Rate hike or rate cut?
04:32And what will the impact of both cases?
04:35If we talk about the rate cut and high, this is a very interesting topic.
04:41In fact, when it was 2026 started, the expectation was that this year,
04:47there will be two rates cut in two years.
04:49Looking at the overall macroeconomics.
04:52But as we are in mid of 2026,
04:56now there are two rates hike.
04:59Because it is changing the price of interest rate.
05:04After this, tariffs and gold and crude oil prices,
05:07then the interest rates are increasing.
05:13And the rates are increasing.
05:13The probabilities are increasing.
05:15Since the meeting is already in September,
05:17the rate is high.
05:19Now it has shifted to October and then December.
05:22So, I personally feel that looking at the overall macroeconomics rate hike, which the market expected to be delayed next
05:32year.
05:33Because, as a result of the war, the inflation has increased, it will have a short-term impact.
05:39Crural prices are down below.
05:41We have seen $1.20, which is 80 to 90 range.
05:46The inflation was increased, but it was a short-term phenomenon.
05:49It will not have a long impact.
05:51Personally, I think, status quo, no rate hike, no rate cuts in this year.
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