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Commerzbank Confirms Support that they bullish on gold’s prospects

If you’re a regular reader of our mid-week and Friday Gold Bullion Bulletins, you’ll know that the major German bank, Commerzbank is bullish on gold’s prospects. It has reiterated that support again this week with analysts identifying two sources of support for the precious metal in play right now.

The bank’s analyst Daniel Briesemann says that an additional three tonnes of gold ETF inflows registered Monday and a weaker US dollar were both supportive of gold.

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