Gold Price Forecast: WGC data unlikely to have any impact on XAU/USD – Commerzbank

FXStreet Insights Team FXStreet

The World Gold Council’s quarterly report on the second-quarter demand trends in the Gold market will be released next Tuesday. Economists at Commerzbank analyze its implications for the Gold price.

WGC data merely constitute a glance in the rear-view mirror

Though the World Gold Council is likely to report higher Gold demand for the second quarter than in the same period last year, we do not expect this to have any impact on the Gold price.

WGC data merely constitute a glance in the rear-view mirror and allow virtually no conclusions to be drawn about Gold demand this quarter.

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