Loading ...Gold has been on an upward trend since last August, when the metal hit a bottom of $1195.20. On February 20th, the asset reached a peak of $1,347.90, theoretically securing a positive outlook as past trends have $1,300 as the upside mark for gold. However, on the first day of March, gold futures fell below $1,300 levels, though they have rallied back to $1309.40, raising questions on whether gold’s rally is here to stay. Deutsche Bank argues that despite recent volatility, gold will continue to head higher. On a note published on March 11, Michael Hsueh, FX strategist at Deutsche, reiterated that the bank remains bullish on the asset.
cont. https://www.barrons.com/articles/golds-rally-is-not-over-according-to-deutsche-bank-51552559400