Gold Price Target of $5,000: Economist Tuna Kaya Issues Critical 10-Day Warning

Geopolitical Tensions and Commodity Markets Increasing volatility and geopolitical risks in global markets are pushing commodity prices to new heights.
Economist Tuna Kaya stated that tensions, particularly between the US and Iran, are supporting commodity markets, noting that the next 10 days will be a critical threshold for gold and other precious metals.
Kaya predicts that in this period of weakening global risk appetite, stocks and crypto assets have become fragile.
Fed Policies and Economic Indicators US economic growth data falling below expectations and high core inflation are emerging as factors that could delay the Federal Reserve's interest rate cut process.
Kaya noted that the dollar index rising above 98 could put pressure on markets, while the volatility index (VIX) remaining above 20 reflects investor anxiety.
Furthermore, he warned that potential disruptions in the Strait of Hormuz could impact global supply, and rising oil prices could increase inflationary pressures.
Critical Levels and Market Expectations Emphasizing that $5,000 is a critical threshold for a historic peak in gold prices, Kaya said that support levels of $4,900 and $4,600 should be monitored in case of potential pullbacks.
For other commodities, he mentioned that if silver exceeds $86, the $90–$95 range could come into play, while holding above $2,580 in platinum could bring a $3,000 target to the forefront.
In the copper market, higher levels are expected to be tested if the 584 resistance is broken.
Technical Outlook for Borsa Istanbul Touching upon domestic markets, Kaya pointed to the 14,000-point level as resistance and 13,400 points as the main support level for Borsa Istanbul.
He urged investors to be cautious, stating that if this support is broken downward, levels around 13,000 points could be discussed.