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.
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
, according to the bank, despite the precious metal hitting fresh highs on Monday fuelled by Donald Trump’s threat last week to upend trade with China.
the length and intensity of the yellow metal’s upturn has made a period of more neutral behaviour more likely
Author's summary: Gold prices may have peaked.