Commerzbank’s Physical Gold Trading Is Active in Bear Market
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Commerzbank AG, Germany’s third-biggest lender, said its physical gold trading volumes are “good” this year and activity remained stable since bullion tumbled into a bear market in April.
“We have remained busy in physical business, with volumes picking up further as the price fell,” David Burns, head of commodities at Commerzbank, said in an interview in London on Aug. 13. “Volumes have been good and there has been demand across most groups of market participants, but especially private clients seeing a second opportunity to enter the market and industrials, particularly fabricators covering physical needs.”