Deutsche Bank’s Early Morning Reid Macro Strategy report highlights a significant rise in Gold prices, which have surged by +8.52%, nearing the $5,000 level. The report notes that geopolitical concerns have contributed to this upward momentum. The Dollar, conversely, has experienced its worst week in eight months, falling against all its peers.
Gold prices surge amid geopolitical concerns
“Gold (+8.52%) was within two-tenths of a percent of its best week since 2008, marginally behind one week in 2020. It’s up another +1.7% this morning and has flown past $5000 for the first time.”
“However the Dollar has just had its worst week for 8 months, falling against all its peers, and has continued to weaken this morning.”
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
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