Gold Price Forecast: XAU/USD to see a renewed upswing in the next few days – Commerzbank Gold XAUUSD RussianFederation Ukraine Banks
f the situation worsens, the yellow metal would see renewed upside pressure, strategists at Commerzbank report.“Gold is in considerable demand as a safe haven in the current environment, as also evidenced by further ETF inflows. In addition, gold has been profiting from falling bond yields and a slump on many stock markets – both of which indicate high-risk aversion among market participants.”
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