Money's Articles
How high will gold go? Deutsche Bank offers astonishing prediction
By allfromweb on May 11, 2024
Gold, which reached a record $1,577.57 an ounce on May 2, may surge a further 30 percent by January as investors seek to protect themselves from “economic uncertainty,” according to Deutsche Bank AG.
“I’m bullish on gold despite its current levels,” Hal Lehr, Deutsche Bank’s managing director for cross-commodity trading, said in an interview in Buenos Aires. “It could reach $2,000 dollar an ounce in the next eight months.”
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