Gold price sheds weekly gains – Commerzbank
The price of Gold fell significantly during the last two days, reversing the gains made in the first half of the week, Commerzbank's commodity analyst Carsten Fritsch notes.

The price of Gold fell significantly during the last two days, reversing the gains made in the first half of the week, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold is less in demand as a safe haven

"This morning, Gold is trading at just under $3,350 per troy ounce. Headwinds are coming from the easing of the trade conflict. A few days ago, a trade agreement was reached between the US and Japan, which could also serve as a blueprint for an agreement between the US and the EU."

"The resulting optimism led to an increase in risk appetite in financial markets, which was reflected in rising stock markets. In such an environment, Gold is less in demand as a safe haven."

"It is therefore noteworthy that the Gold ETFs tracked by Bloomberg recorded inflows of 20 tons in the first four trading days of the current week, with the majority of inflows occurring at the beginning of the week when the Gold price rose significantly."

FXStreet
Trade The World
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
XAUUSD
1 D change
+0%
0
XAGUSD
1 D change
+0%
0
XPTUSD
1 D change
+0%
0

ALL ABOUT GOLD

Explore More Tools
Trading Academy
Browse a wide range of educational articles covering trading strategies, market insights, and financial fundamentals, all in one place.
Learn More
Courses
Explore structured trading courses designed to support your growth at every stage of your trading journey.
Learn More
Webinar
Join live and on-demand webinars to gain real-time market insights and trading strategies from industry experts.
Learn More