Gold price under pressure despite high risk aversion – Commerzbank

The Gold price was unable to escape the sell-off on the commodity and financial markets and also fell significantly, Commerzbank's commodity analyst Carsten Fritsch notes. Gold struggles amid market turmoil"This may sound strange, but it has happened several times in periods of heightened risk aversion, as market participants have to sell Gold positions to offset losses elsewhere, e.g. in equities. As such, the world's largest Gold ETF has recorded outflows of 9.4 tons in the last two trading..