A pause in Western investor selling has been enough to drive gold to new record highs - Commerzbank
CRZBYmerzbank AG(CRZBY) kitco.com·2024-05-22 22:53

(Kitco News) - Western investors appear to be finally having a positive impact on the gold market, or at the least, they are not getting in the way of higher prices, according to one market analyst. In his latest comments on the gold market, Carsten Fritsch, precious metals analyst at Commerzbank, said that current market conditions, while supportive for gold, do not fully explain the precious metal’s rally to a new record high above $2,450 an ounce. Although gold prices have fallen from their all-time high ...