© Reuters. Commerzbank expects a positive performance of gold prices for this reason!
Arabictrader.com – Commerzbank presented its expectations for the upcoming metal movements, as analysts believe that the soft gold in the United States, to be released today, is expected to support gold levels, because it will reduce the hard currency.
Economists stated that gold witnessed a decline yesterday to its lowest level since early January, reaching $1,850 an ounce, and if the US inflation rate for January fell to 6.2%, this will reduce expectations about interest rates, which supports gold levels and enhances their rise. .
In terms of transactions, spot gold contracts are trading at an increase of 0.20%, recording about 1,857.10 an ounce, and an increase of 0.20%, reaching $1,867.30 an ounce.
