Gold Price Forecast: XAU/USD declines amid hopes of and end to the war in Ukraine – Commerzbank Gold Ukraine RussianFederation Palladium Banks
– its lowest level since early March. The hopes of a ceasefire and an end in the near future to the war in Ukraine are causing precious metals prices to fall sharply, economists at Commerzbank report. “The hopes of an end to hostilities are also increasing theof market participants. This can be seen clearly from the steep rise in bond yields. This raises the opportunity costs of holding gold, which does not yield any interest.
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