Deutsche gold is worth $1,700/ozRupert Hargreaves
If gold is viewed as a currency, the yellow metal should be worth $1,700 an ounce according to Deutsche Bank’s Global Commodities Research analysts Michael Hsueh and Grant Sporre.
The bank’s argument for why gold should trade at this level revolves around the balance sheet expansion of central banks during the past eight years. The aggregate balance sheet of the world’s four main central banks, the European Central Bank, the Federal Reserve . . .
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