It seems that gold is gearing up for a strong rally, as some analysts anticipate a potential rise towards $4200 per ounce over the next year. According to PANews, Commerzbank expects broad strength in the precious metals market. According to their forecasts, silver may approach $50, platinum may rise to $1700, and palladium may trend towards $1400.
These expectations are attributed to increased demand, tightening supply dynamics, and renewed interest in safe-haven assets. Both traders and long-term investors should closely monitor these key levels, as the sector prepares for a potentially strong upward movement.
$PAXG currently reflects this trend.
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