Gold’s Dip Is Over — Here’s What Comes Next

Precious metals and currency markets expert Mehmet Ali Yıldırımtürk has declared that the recent correction in gold prices has run its course. Speaking ahead of the Eid holiday, Yıldırımtürk stated that the downward trend that pressured both gram and ounce prices over recent weeks has exhausted itself, and that buyers are beginning to return to the market. His forecast arrives at a moment when many Turkish savers are watching gold closely as a hedge against persistent lira volatility.

Yıldırımtürk's post-holiday price targets suggest a meaningful recovery is on the horizon. With physical gold demand traditionally spiking around Eid — driven by gift-giving, jewelry purchases, and household savings habits — he argues that seasonal buying pressure will combine with global uncertainty to push prices higher once the holiday period concludes. The expert points to renewed geopolitical tensions and central bank accumulation as the structural forces keeping gold's floor elevated.

For everyday Turkish savers, this analysis carries direct weight. Millions of households hold gold in some form — coin, bracelet, or gram account — as their primary savings vehicle. If Yıldırımtürk's call proves correct, those who sold during the dip may find themselves buying back at higher levels. Those who held through the correction, meanwhile, could see their net worth tick meaningfully upward in the weeks following Eid.

Ekonomik Gündem Analysis: Ekonomik Gündem Analysis: I spent fifteen years watching how Turkish retail and institutional money moves around gold, and one thing never changes: Eid creates a demand floor that analysts consistently underestimate. When physical buying from millions of households hits the market simultaneously, even a globally soft gold price can hold firm in lira terms — and when global gold is also recovering, the lira-denominated price can move sharply.

Right now, gram gold is trading in the 4,000–4,200 TL range depending on the day. Yıldırımtürk's call implies we could test 4,400–4,500 TL post-holiday if both the global ounce price recovers toward $3,200–$3,300 and the lira holds relatively steady. That's a 5–8% move in a short window — not trivial for savers or traders.

The banking angle matters here too. Gram gold accounts at Turkish banks have seen record inflows since 2021. These account holders don't panic-sell the way stock traders do — they accumulate. That passive holding behavior creates a price support layer that many foreign analysts miss entirely.

Bottom line: if you trimmed your gold position during the recent correction waiting to buy cheaper, the window may already be closing. Post-Eid momentum, combined with global drivers, could make hesitation costly.

Kaynak: Sozcu Finans