Gold unlikely to fall much lower – Commerzbank
Source Fxstreet
Strategists at Commerzbank discuss poor sentiment in the metals markets.
No positive impetus for metal prices
The market balance figures from the International Copper Study Group are likely to confirm that the supply situation on the copper market improved last year. They therefore do not promise a boost for the struggling metal markets.
The Oil market is also sufficiently supplied. However, Oil prices remain well supported by the tensions in the Middle East.
The Gold price is also unlikely to fall much lower, as US key interest rates will be reduced later than some had hoped, but they will fall.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.
Standard Chartered lifts Ethereum call to $7,500, arguing institutional demand could leave Bitcoin trailingStandard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Bitcoin nears two-month highs with key indicators signaling potential for further gains as it targets $101,000.
XRP “super cycle” chatter faces a weekly SuperTrend sell signal, with XRP down 2% to $2.07 over the past week even as broader crypto markets tick higher.
Bitcoin breaks above $97,000 as crypto kicks off first major rally of 2026Cryptocurrency markets are experiencing the first major rally of 2026. Bitcoin reached a high of over $97,000, and Ethereum edged close to $3,400 on Wednesday afternoon. Some analysts predict this is part of a larger bullish trend. Cryptocurrency markets appear to be coming out of hibernation as Bitcoin and key altcoins reach price levels not […]
Cryptocurrency markets are experiencing the first major rally of 2026. Bitcoin reached a high of over $97,000, and Ethereum edged close to $3,400 on Wednesday afternoon. Some analysts predict this is part of a larger bullish trend. Cryptocurrency markets appear to be coming out of hibernation as Bitcoin and key altcoins reach price levels not […]
Related Instrument
