Gold may be stuck but Commerzbank raises price target for silver and PGMs | Metals Mine

  • Gold may be stuck but Commerzbank raises price target for silver and PGMs

    From kitco.com

    Gold has managed to hold solid resistance at $3,300 an ounce but is struggling to attract new bullish momentum, as U.S. trade agreements with Japan and Europe have eased trade war concerns. However, while gold may be trading sideways, there is still some value in the broader precious metals market. Due to easing geopolitical tensions, commodity analysts at Commerzbank said that gold will likely remain range-bound until the Federal Reserve provides guidance on future rate cuts. These comments come as the U.S. central bank kicks off its two-day monetary policy meeting. Markets expect the Federal Reserve to maintain its ... (full story)

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