viewCommerzbank AG

BREXIT risk makes gold “definitely the place to be” - Commerzbank's Briesseman

Gold soared above US$1,300 this week to its highest for almost two years after the latest meeting of the US Federal Reserve and as the impending BREXIT vote looms.

The gold price slipped back in the following days, but Daniel Briesemann, analyst at Commerzbank, tells Proactive Investors “risks are still prevailing” adding that “we will see a further move upwards next week”.

“Over the last few weeks, the risk coupled with the BREXIT referendum has come into play and that’s the main issue at the moment” he adds.

“In a world where risks are dominant, if you are looking for a safe haven and do not want to invest in risky assets then gold is definitely the place to be”.

Quick facts: Commerzbank AG

Price: - -

Market: XETRA
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


GlobeX Data bulks up Sekur platform adding encrypted voice, video, and...

GlobeX Data (OTCQB: SWISF- CSE: SWIS) CEO Alain Ghiai joined Steve Darling from Proactive with news the company has added a number of new features to their Sekur email platform. Ghiai telling Proactive, Sekur Pro will add to encrypted Voice, Video, and Conferencing features. He also talked about...

26 minutes ago

2 min read