SAFAKNA TURKEY – While purchases of gold by individual investors around the world have accelerated since the beginning of the year, gold ETFs have declined. Experts say: “If investor interest increases, the rally will continue.”
In the US, an ounce of gold, which entered an uptrend due to lower-than-expected inflation, fell below $1,740 this week after rising to $1,785. While technical indicators point to bullish optimism in 2023, the $1,800 barrier needs to be cleared for the rally to continue in the near term. To do this, it is necessary to increase the interest of a speculative investor in an ounce of gold. Since the beginning of the year, although purchases of gold by individual investors around the world have risen strongly, gold ETFs have fallen.