Deutsche Bank: Gold Prices May Have Peaked
Despite hitting fresh highs, a top investment bank predicts the gold rally may have peaked, driven by political crises, government debt fears, and trade tensions.
Investors are shifting towards gold, but Deutsche Bank said that while it was not predicting “an impending correction”, the length and intensity of the yellow metal’s upturn has made a “period of more neutral behaviour” more likely.
The record gold rally of the past few months “may have peaked in trendiness”
A top investment bank made this prediction despite the precious metal hitting fresh highs on Monday fuelled by Donald Trump’s threat last week to upend trade with China.
Author's summary: Gold prices may have peaked according to Deutsche Bank.