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
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
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

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa