Pointing at $2700? Gold once again approaching historical highs as investors weigh the US election and the Fed interest rate trends.
As investors turn their attention to the upcoming usa election, the gold price approaches a historic high. Polls predict that the competition in the usa election will be very intense in less than three weeks.
Asia And Europe Markets In Red; Oil Recovers Slightly, Gold Nears $2,700 - Global Markets Today While US Slept
Refusing to callback, far exceeding the model's valuation, Deutsche Bank exclaimed: gold is truly amazingly strong!
Deutsche Bank stated that at some point this year, gold has risen without financial fair value support. Currently, the Federal Reserve still has further room for easing, which further enhances the upward trend of gold. The price of gold is expected to continue to outperform financial fair value by the end of this year, with the largest magnitude since 1998.
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