OTCPK:KRCLF - Post by User
Post by
horace5on Jun 20, 2022 8:43pm
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Post# 34770093
Gold enjoys renewed buying interest between $1,800-$1,850
Gold enjoys renewed buying interest between $1,800-$1,850 June 20, 2022
“Gold is finally able to hold its own again… Economists at Commerzbank expect the yellow metal to trade comfortably above the $1,800 level.”
“Gold was unable to resist the downward pull of cyclical commodities on Friday and likewise fell. The lower price level generated buying interest, however: at over 10 tons, the gold ETFs tracked by Bloomberg registered their biggest daily inflow since mid-April on Friday.”
“The renewed buying interest that is repeatedly seen at prices of between $1,800 and $1,850 is likely in our view to prevent gold from dropping lastingly or noticeably below the $1,800 mark.”
https://www.fxstreet.com/news/gold-price-forecast-xauusd-enjoys-renewed-buying-interest-between-1-800-1-850-commerzbank-202206200946