28.01.2025 17:21
A notable forecast regarding the rising gold prices fueled by global risks has come from Commerzbank, one of Germany's leading banks. The bank has raised its prediction for the price of gold per ounce for the first three months of 2025 from 2,600 dollars to 2,700 dollars.
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The uncertainties in global markets, where inflation remains high, are supporting the appetite for safe-haven assets. As leading banks around the world make consecutive predictions about gold, Germany's prominent bank Commerzbank has also joined them.
Gold prices continue to fluctuate. Starting at 3,000 lira for 2025, the gram price of gold is trading at 3,158 lira as of January 28. Thus, the gram gold has increased by approximately 200 lira in just 28 days.
GERMAN BANK RAISES ITS EXPECTATION FOR GOLD PRICES
The German bank has updated its forecast for gold prices, raising its prediction for the first quarter of 2025. Previously predicting 2,600 dollars per ounce for the end of the first quarter of 2025, the bank has increased its new forecast to 2,700 dollars. The bank has maintained its year-end forecast for 2025 at 2,650 dollars per ounce. The price of gold per ounce is trading at 2,743 dollars in international markets.
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