#XAUUSD @ 1,756.12 Gold Price Forecast: unlikely to extend its recovery – Commerzbank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Though the Gold price has recovered somewhat from its setback, the yellow metal has no upside potential for now, in the view of strategists at Commerzbank.
“We do not envisage any further potential for recovery in the short term.”
“After all, the US labour market (report due to be published on Friday) is presumably still so tight that any end to the rate hike cycle in the US remains uncertain.”
“Rising interest rates have a braking effect on Gold, being a non-interest-bearing investment.”
[/s2If]
Join Our Telegram Group
