Terrible Finding From the German Banking Giant: The Memory of Gold Remembers 2022 - Spokesman Newspaper
4 Articles
4 Articles
Deutsche Bank noted that the current positioning of gold is reminiscent of 2022, but a different picture is formed this time with central bank purchases and increased institutional investor interest. The bank stressed that gold is oversold and is underrepresented in portfolios.
Those following the fluctuations in gold prices are unsure whether the trend will be upward or downward, but prices are being closely monitored. German banking giant Deutsche Bank has pointed to 2022 as the year for gold.
Deutsche Bank stated that gold, which remains above its July lows despite rising US bond yields, is "oversold," warning that the market, protected by strong central bank demand, could experience sharp short-term fluctuations before a medium-term uptrend.
Gold continues to hold above critical levels despite pressure from high interest rates and a strong dollar. Deutsche Bank, however, noted the resilience in gold following sharp sell-offs, stating that gold is "oversold." Nevertheless, according to the bank, there is a strong buyer supporting the price.
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