- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD to regain the $1,900 mark and continue climbing beyond it – Commerzbank
Gold Price Forecast: XAU/USD to regain the $1,900 mark and continue climbing beyond it – Commerzbank
Gold has dipped slightly below the $1,900 level again. But Given the very uncertain picture in Ukraine, economists at Commerzbank expect the yellow metal to recapture this mark and extend its advance beyond it.
Demand for platinum group metals set to pick up
“Given that the situation in Ukraine is deteriorating further and a military conflict cannot be ruled out, we believe the gold price is likely to quickly regain the $1,900 mark and then continue climbing beyond it.”
“Platinum market is expected to remain in supply surplus this year before switching into deficit over the next few years. Platinum is likely to gain from substitution effects to the detriment of palladium, and from demand from hydrogen-related applications.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
