After briefly exceeding $3,400 per troy ounce, the Gold price stabilised just below this level, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Gold to rise if conflict in the Middle East escalates further
"In principle, uncertainty surrounding the conflict in the Middle East should support the precious metal. However, given the sharp rise in prices since the beginning of the year, investors appear increasingly reluctant to make large purchases."
"Against this backdrop, the Gold deliveries between Hong Kong and China in May, due to be published next week, could be of interest as they indicated strong demand from China in April. However, for Gold to rise again towards its record high, the conflict in the Middle East would probably have to escalate further, for example through US involvement in attacks on Iran."
Related Articles
[Reuters Analysis] China's bull market risks running out of gas: Raychaudhuri
By Manishi Raychaudhuri HONG KONG, Sept 22 (Reuters) - China's onshore equity markets are booming, outperforming many of their developed market counterparts this year. But whether this is the beginning of a true Chinese equity boom or yet another short-lived bubble will likely depend on gover...
Investing in Robotics & Automation
Robotics and automation are a structural megatrend driven by labor shortages, supply chain shifts, and the push for efficiency.The investment landscape spans industrial leaders, healthcare innovators, logistics adopters, and semiconductor enablers.
[Reuters Analysis] Why South Korea cannot make the same US trade deal as Japan
South Korea trade talks with U.S. have stalled due to FX issuesCurrency market too small for $350 bln fund, unlike Japan's caseHopes grow that bilateral currency swap line may offer solution By Jihoon Lee and Yena Park SEOUL, Sept 15 (Reuters) - South Korea's negotiations with the U.S. on...
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks ahead
