Markets wait for Monday

VOTE Markets, which had a busy final week before, were focused on Monday. Whoever comes out of the polls, expectations of a new era in monetary policies sent markets fluctuating throughout the week, as the dollar rose to 23.48 lira on the Grand Bazaar billboards. Foreign entries to Borsa Istanbul, on the other hand, were marked by rising expectations for the post-election period. Shares traded on Borsa Istanbul rose an average of 8.9 percent on a weekly basis. The banking index, which is the locomotive of the rise in the stock market, closed the week with a rise of more than 26 percent.

DOUBLE STAMPED COIN

US investment banks are sure that the dollar will gain strength in the new period with the end of the electoral process, while the TL will lose value in the short term. In the medium term, the fate of TL will be determined by how monetary policies are defined.

Pointing out that it has become impossible for the central bank to persist in its monetary policy, experts say a new monetary policy is needed no matter who comes to power.

Economists noted that there was a strong buildup of energy in exchange rates with electoral stress for a while, noting that this situation manifested itself in the apparent rise of the bilateral exchange rate during the electoral process. Analysts say “it will be a red Monday” by Monday, as the pulse of money markets begins to beat in the Grand Bazaar, with the bid-ask spread in interbank markets rising to 9 percent in foreign exchange markets. .

Gram of gold is in the limit of 1,500 lire in the bazaar

The selling price of 24-karat gold, traded on the Grand Bazaar, rose 0.72 percent this week to 1,267 lira. However, binary prices made the weight of the week felt. With the effect of increasing demand, the price of a gram of physical gold in the Grand Bazaar closed the week at 1,480 liras. Thus, a scissors of 213 lire was formed in gold prices.