Commerzbank: gold is likely to jump again

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Source: Commodityonline
Gold prices are likely to increase again as market participants consider lower prices as buying opportunity, according to Commerzbank. There is no fundamental justification of recent fall in gold prices taken that Euro Zone's woes still persist and interest rates remain in the negative territory, said expert from Commerzbank. As soon as the yellow metal crosses the psychologically important level of 1,600 US Dollars per troy ounce, it is likely to soar further, Commerzbank added.


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