• Home
• Market Analysis
• Precious Metals Summit Beaver Creek 2023
• Investment Conference and Property Tours
• Rule Symposium Natural Resource Investing
• THE Mining Investment Event of the North
• Fastmarkets Lithium Supply and Battery Raw Materials
• Kitco Mining
• Bitcoin Miami 2023
• Deutsche Goldmesse May 05-06

Why Gold Could Be Worth $1,700/oz - Deutsche Bank

Gold is kicking off the week under pressure as markets continue to digest last week’s comments from Federal Reserve officials in Jackson Hole, but some analysts think investors may not be pricing the yellow metal properly. This week, Deutsche Bank analysts argued there is a correlation between gold prices and the level of monetary expansion by central banks, and according to this relationship, the metal should be some $400 higher. Frank Holmes of U.S. global investors agrees, noting that Deutsche Bank's number may even be 'conservative.' Speaking with Kitco News on Tuesday, Holmes added that some famed gold investors argue that the true value of gold sits more at $8,000 an ounce. Gold futures have been under pressure since late last week in the aftermath of Fed Chair Janet Yellen’s comments, which were construed as hawkish by the marketplace. The yellow metal managed to hit a two-month low as the U.S. dollar strengthened - it fell as far as $1,315.30, breaking Monday’s two-month bottom of $1,317.20. (show less)

Gold is kicking off the week under pressure as markets continue to digest last week’s comments from Federal Reserve officials in Jackson Hole, but some analysts think investors may not be pricing the yellow metal properly. This week, Deutsche Bank analysts argued there is a correlation between gold prices and the level of monetary expansion by central banks, and according to this relationship, the metal should be some $400 higher. Frank Holmes of U.S. global ... (read more)