As the raw-material experts from the Commerzbank wrote in a comment Wednesday, was not in demand of Gold due to the higher risk appetite of investors. In addition, a stronger Dollar weighed on the gold price, according to the experts.

Since Monday, the price of the yellow precious has lost metal about 2.5 percent, after a Rally of more than nine percent since the beginning of December. Also mid-week, it went after a friendly trade start back down. Least one fine ounce of Gold (about 31.1 grams) of 1551 US Dollar cost. Gold in EUR 1.408,56 EUR to 1.23 (+0.09%) is traded over the counter the price data

The analysts noted, moreover, that the outbreak of the Coronavirus in Asia, only acts positively on the value of the "crisis currency" Gold. So the epidemic is suppressed, the demand for Gold, such as import data from India show. "The longer the Virus is raging and the public life in China is at a standstill, the less Gold is purchased in the middle Kingdom," wrote the experts of Commerzbank. Small Caps Champion: your 3 pillars for a successful wealth accumulation. Successfully and safely in addition to values invest. (Partner quote) Here is an exclusive free trial!

Palladium is approaching a record high, with large steps,

Meanwhile, Palladium benefited from higher risk appetite. On Tuesday the price jumped by 4.6 per cent, mid-week, it went down again to 2.1% to 2490 dollars upwards. To the absence of a new record only 100 dollars, so, the Commerzbank in order for analysts. The palladium price (Spot) of 2,489,33 USD +50,34 (+2,06%) OTC

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The professionals noted, however, the movement in the price of Gold as well as Palladium emanated mainly from the Futures markets. In the case of commodity ETFs, it came in Gold to further inflows, while Palladium ETFs are flown down since the beginning of the year already of 65,000 ounces.

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Date Of Update: 05 February 2020, 13:00