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Gold Value Figure: XAU/USD to lastingly surpass the $2,000 mark just in the center of the following year – Commerzbank

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Gold cost proceeds with its walk towards $2,000. Financial analysts at Commerzbank examine the yellow metal’s standpoint.

Potential gain potential on XAU/USD is most likely depleted for the time being

The shockingly harmless US expansion information makes a (last) Took care of rate climb in December improbable. Regardless, it will probably require some investment before the market does a total about-turn and starts hypothesizing on impending rate cuts in the US. The recuperation on the Gold market is not really prone to proceed, all in all.

We just anticipate that Gold should lastingly surpass the $2,000 mark in the following year.

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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