The dollar will reach 42 TL on this date: Trump's impact on the markets

Donald Trump's second term as president of the United States is causing fluctuations in the global economy. Trump's economic policies are expected to have a significant impact on the dollar and gold prices in Turkey. Renowned economist Muhammet Bayram drew attention with his prediction that by the end of 2024, the dollar could reach 42 TL. What does this mean?

Donald Trump is gaining attention globally with both his political and economic decisions. After the US Federal Reserve's decision to consider cryptocurrencies as reserve assets, there has been a noticeable increase in interest in cryptocurrencies. The rapid rise of coin offerings named after Trump, which has made many people dollar millionaires, is a sign of this growing interest. However, Trump's influence will be felt not only in cryptocurrencies but also in gold and dollar markets.

WILL GOLD PRICES RISE IN 2025?

Throughout 2024, the US Federal Reserve's decision to lower interest rates led to a rise in gold prices. However, in 2025, it is expected that the Fed will only cut rates twice. This could limit the rise in gold prices. Nevertheless, experts state that gold will appreciate in line with inflation. In particular, Trump's economic sanctions on BRICS countries and China are expected to increase demand for gold.

THE DOLLAR WILL REACH 42 TL BY THE END OF 2024

Renowned economist Muhammet Bayram stated that the dollar is expected to reach 42 TL by the end of 2024. Bayram emphasizes that this increase aligns with Turkey's inflation targets. Strengthening trade relations between Turkey and the US could speed up this process. Trump's policies aimed at boosting trade with Turkey are expected to contribute to the strengthening of the dollar.

TRUMP'S IMPACT ON THE TURKISH ECONOMY

Muhammet Bayram noted that Trump's steps to strengthen economic relations with Turkey could create significant opportunities for the Turkish economy. Increasing trade with the US, leveraging Turkey's strategic position, could mark the beginning of a new era in foreign trade. Considering Turkey's influence in the Middle East, Trump continues to view Turkey as a key country in his economic policies.