Gold Prices May Have Peaked, Says Deutsche Bank
Despite reaching fresh highs, Deutsche Bank predicts the gold rally may have peaked, driven by political crises, government debt fears, and trade tensions.
Investors are shifting towards gold, fueled by concerns such as Donald Trump's threat to upend trade with China.
The record gold rally of the past few months “may have peaked in trendiness”
Deutsche Bank notes that while it is not predicting an impending correction, the length and intensity of the gold upturn makes a period of more neutral behavior more likely.
Author's summary: Gold prices may have peaked according to Deutsche Bank.