Economist Hatice Korcak said big fluctuations were expected, referring to gold investors.
Well-known economist Hatice Korcak assessed the current situation in the gold market and issued an important warning that should be of interest to investors.
Korczak noted that now is a critical time for investors who want to put their savings into gold, noting that the right timing is key to making the right investment.
Hatice Korcak noted the market volatility and urged investors:
“The market situation is like this, we have to move forward without losing morale. We have to be patient and wait. In fact, investing is mainly composed of psychology and patience. “95 percent of this work requires patience and a strong mental attitude.”
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Korczak also commented on developments in the gold market, saying:
“The gold market has been under selling pressure all week. It will remain volatile until the release of statistics on Thursday and Friday. The comments of Fed members will have a big impact on the market. Gold is currently at the $2,316 level. We should not expect an increase anytime soon. This process requires patience and time. “We are very close to the support level.”
Korczak encouraged investors to buy strategically, adding:
“We are very close to the support levels. Now is the time to collect, buy and save,” he said. “Only in this way can we turn the situation in the gold market in our favor.”
