Gold

While there has been no meaningful movement in gold prices for a while, we see that the prices are mostly stuck in the $ 1745-1770 band. On a daily basis, we can say that especially the figures below $1750 create downside risks. Staying above $ 1760 may contribute to a trend towards $ 1780. However, for now, there is no meaningful formation in this direction. We do not expect this picture to change significantly before the Fed minutes and the US CPI figures.

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