- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD at risk of suffering a setback – Commerzbank
Gold Price Forecast: XAU/USD at risk of suffering a setback – Commerzbank
Gold price has chalked up gains at the start of the new year. Nonetheless, strategists at Commerzbank envisage a risk of setbacks in the yellow metal market.
Any lasting recovery will require a shift in sentiment among ETF investors
“Gold’s upswing is presumably due primarily to more optimism among speculative financial investors, who are generally more fickle.”
“However, any lasting recovery of prices on the Gold market will require above all a shift in sentiment among ETF investors, who are still exercising caution. They appear to be waiting for the US rate hike cycle to come to an end.”
“In the short term, we envisage if anything a risk of setbacks on the gold market.”
© 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
