Deutsche Bank Strategist Says the Gold Crash Is Just Getting Started
From bloomberg.com
It has been a good ride for gold holders this year, as bullion posted its best first half performance in almost four decades. With global interest rates hovering at record lows, investors have piled into the precious metal. Meanwhile, political uncertainty from Britain's vote to leave the European Union and the looming U.S. presidential election also fanned demand, sending prices to almost $1,400 per ounce over the summer. But the shine is coming off amid the prospect of higher rates and reduced monetary stimulus. Bullion tumbled 3.3 percent on Tuesday, the most since July 2015, breaching below $1,300 an ounce for ...
(full story)