Commerzbank has raised its gold price forecast to USD 5k/oz by the end of the year, and to USD 5.2k/oz by the end of next year
Importance
Level 1
- Says in main scenario, in which the war will end in May, sees the price of Brent falling to USD 90/bbl by the end of Q2.
- Lowers Silver forecast to USD 80/oz for the middle of the year and reach USD 90/oz by end-2026.
- Palladium to trade at USD 1600/oz by mid-year and USD 1,800 by year-end.
- Raised Aluminium PT to USD 3,400 (prev. 3,300).
#UNITED STATES#USD#EUR#JAPAN#JPY#UNITED KINGDOM#GBP#EUROPE#COMMERZBANK AG#FOREX#METALS#EU SESSION#COMMODITIES#GOLD#DIVERSIFIED BANKS#METALS & MINING#BANKS#MATERIALS (GROUP)#BANKS (GROUP)#DXY