Expert Predicts Sharp Increase in Gold Prices, Advises Investors to Buy

Taher Morsi, an economic expert in gold markets, has stated that global markets are on the brink of explosive price increases in gold, and the current historic peak will be followed by sharp upcoming rises.

Morsi explained that the current gold price increases do not align with the global economic and political conditions. Gold has risen by over $1,000 in less severe circumstances compared to the current situation.

He added that gold prices have been suppressed and manipulated after the U.S. interest rate cuts, causing gold to trade within a narrow range of $300, fluctuating between $2,000 and $1,700 for nearly three years until interest rates were raised. During the peak of the dollar's interest rate increases, gold rose by about $500, which are risky gains and unprecedented in their intensity, likely due to the current challenges facing the dollar.

Morsi pointed out that during the quantitative easing (lowering of interest rates) in 2008, the economic situation was still not far from recovering and responding to stimulus programs better than it is now.

He predicted that gold prices will experience further increases in the coming period, with the current historic peak followed by new sharp rises, possibly even more severe price explosions in the weeks and months ahead. He added that purchasing gold is currently the best option for both investors and savers alike.