Gold is in considerable demand as a safe haven. Strategists at Commerzbank analyze the yellow metal’s outlook.
In view of the tense situation in the Middle East, the Gold price could even reach the $2,000 mark in the near future.
Gold should remain in demand in this environment, meaning that the Fed’s decision is unlikely to influence it very much.
See – Gold Price Forecast: XAU/USD outfaces US GDP strength and increasing chances of further hikes – Commerzbank
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