Gold price forecast: it may fall back in the short term - Commerzbank’s view

Gold Price Forecast: Gold/USD may retrace in the short term - Commerzbank – FXStreet Foreign Exchange Street. Foreign Exchange Market

Strategists at Commerzbank said the recent rise in gold prices cannot be fully explained by fundamentals, so a correction in gold prices is likely in the short term.

Gold price trend analysis

According to strategists at Commerzbank, the recent rise in gold prices is not based on fundamental factors, which means that there may be a certain degree of overheating in the market. Therefore, investors need to be wary of possible corrections in gold prices in the short term.

market forecast

With the trend of gold prices uncertain, investors need to pay close attention to market trends and adjust investment strategies in a timely manner. Strategists at Commerzbank suggest that you can consider buying on dips when gold prices pull back to get better investment opportunities.

investment advice

• Pay close attention to gold price trends
• Carefully adjust investment strategies
• Buy when low, sell when high

in conclusion

In general, there is a high possibility of a correction in gold prices in the short term. Investors need to remain cautious and respond flexibly to market fluctuations in order to obtain better investment returns.