There's a 'Genuine Demand Story' in Gold's Rise, Deutsche Bank Says
Market Intelligence Analysis
AI-PoweredDeutsche Bank's Jim Reid attributes gold's rise to a 'genuine demand story', citing speculation and store of value against inflation as driving factors.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Evy Hambro, head of fundamental equities thematic and sector investing at BlackRock, and Jim Reid, head of macro and thematic research at Deutsche Bank, speak on Bloomberg Television about the price of gold and whey there is an inherent demand for the precious metal. "There's an element of speculation there, and there's an element of store of value against inflation," Reid says. (Source: Bloomberg)
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