181 days ago • Posted by Charles-Henry Monchau

Deutsche Bank turns bearish on Gold. In the next 12 months, they see greater risks that gold touches $1,600/oz rather than $2,100/oz

DB turns strategically bearish on #Gold as a 2021 growth recovery comes into sharper focus. ETF flows have faded on risk to turn negative. The steepening yield curve is bearish for Gold. They highlight that last peak phase lasted much longer than the current one (see chart below) - source: DB, Holger Z 

Gold chart in real and nominal terms