Gold is set for the 'most pronounced quarterly increase' in more than 4 years — Commerzbank
(***** News) Gold is trading around the $1,770-80 level on Tuesday and the fact that it is showing resistance at this level is a sign of “relative strength,” says Commerzbank analyst Carsten Fritsch. The yellow metal is looking to gain more than 12% in Q2, marking one of the biggest quarterly price increase in four years, Fritsch notes. “[Gold is] set to see its most pronounced quarterly increase since the first quarter of 2016. That said, its rise by a good 16% four years ago came on the heels of a losing streak that lasted six quarters; it also started from a very low level,” the analyst adds. The conditions of this quarterly price gain are much different than the one four years ago as now marks gold’s seventh price gain in a row.
- Forums
- Commodities
- GOLD
- gold
gold, page-79690
-
- There are more pages in this discussion • 49,072 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online