Topic of the week: Investors turn their backs on gold price – Commerzbank Gold XAUUSD Commodities Banks
“Even the growing concerns about a recession, as evidenced by sharp falls on the“On the contrary, its price even dipped below the $1,700 per troy ounce mark at the end of last week, the first time this has happened in eleven months. What is more, gold has chalked up weekly losses in five consecutive weeks, which has also not been seen in nearly four years.”
“This is especially visible in the case of gold ETFs: within the past nearly four weeks, 95 tons of gold have been withdrawn from the ETFs tracked by Bloomberg.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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