Could Gold Touch $1,700?

in Commodities by

Gold may have had a rough couple of months…


But it’s had one helluva year…


And Deutsche Bank thinks it could soar all the way $1,700. Can you guess why?

Simple: central bank largesse begets demand for inflation hedges as the market questions the long-term viability of the fiat regime…


(Chart: Deutsche Bank)

And with the BoE, the BoJ, and the ECB still buying, one wonders if $1,700/oz isn’t conservative…

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