Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    Gold unlikely to fall much lower – Commerzbank

    Source Fxstreet
    Jan 19, 2024 15:09

    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.
    placeholder
    Gold price hovers near two-week high ahead of US data-packed weekGold price (XAU/USD) consolidates in a strict range in Monday’s European session as investors are sidelined ahead of crucial economic releases this week.
    Source  Fxstreet
    Gold price (XAU/USD) consolidates in a strict range in Monday’s European session as investors are sidelined ahead of crucial economic releases this week.
    placeholder
    Gold Price Forecast: Haven buying remains supportive for XAU/USD – ANZLast week, Gold (XAU/USD) recorded minor gains and ended above the $2,030 mark.
    Source  Fxstreet
    Last week, Gold (XAU/USD) recorded minor gains and ended above the $2,030 mark.
    placeholder
    Gold price pulls back from over two-week top amid a modest US Dollar uptickGold price (XAU/USD) settled in the green for the first time in the previous three weeks in the wake of persistent geopolitical tensions and the recent US Dollar (USD) corrective decline.
    Source  Fxstreet
    Gold price (XAU/USD) settled in the green for the first time in the previous three weeks in the wake of persistent geopolitical tensions and the recent US Dollar (USD) corrective decline.
    goTop
    quote