Gold now finds itself at its lowest level since mid-March. Economists at Commerzbank analyze XAU/USD outlook. Fed Chair Powell will probably leave all
Gold now finds itself at its lowest level since mid-March. Economists at Commerzbank analyze XAU/USD outlook.The recent renewed rise in US yields dampens investor interest, among both the more short-term-oriented speculative financial investors and the ETF investors. In this environment, the physical demand in Asia can hardly do anything to help, and China’s Gold imports are unlikely to move prices.
In general, we are convinced that US interest rates have already peaked. And as soon as there are also clear signs that the market has acknowledged this, the Gold price should profit and recover again.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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