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Gold Be conscious Forecast: XAU/USD to suffer a phase of weak point all over the summer time months – Commerzbank

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After the solid rise over the final few months, the Gold mark is finish to its all-time high. However Gold is inclined to reach support below stress but all all over again, economists at Commerzbank file.

Gold to climb all all over again in direction of the pause of the year 

“Gold is inclined to reach support below stress but once extra, as the expectations of ardour payment cuts within the 2d half of the year must be disappointing. However since the payment cuts are doubtlessly handiest postponed, the worth decline must be minute.”

“In direction of the pause of the year and next year, the Gold mark is inclined to rise all all over again.”

“For the pause of the year, we foresee a mark of $2,050 and a further rise to $2,100 by the center of next year.”

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