Commerzbank says if the increase in oil prices continue, gold prices could fall back towards USD 4,500/oz
Importance
Level 1
- Says zinc prices have already risen too high, expects another slight correction before it starts to rise again in the medium term; sees little room for lead price to recover, with it likely to end the year at USD 2,100 per ton
- Expects palladium prices to rise to USD 1,800 by end-2026