Gold prices have increased significantly, rising by +8.52% and approaching the $5,000 mark, according to Deutsche Bank's Early Morning Reid Macro Strategy newsletter. According to the research, this upward momentum has been influenced by geopolitical concerns. In contrast, the dollar has had its worst week in eight months, losing ground to all of its competitors.
Geopolitical concerns cause gold prices to soar.
"Gold (+8.52%) was only behind one week in 2020 and within two tenths of a percent of its greatest week since 2008. It has surpassed $5000 for the first time and is up another +1.7% this morning.
"But the dollar has just suffered its worst week in eight months, plummeting versus all of its peers, and has continued to decline this morning."
Geopolitical concerns cause gold prices to soar.
"Gold (+8.52%) was only behind one week in 2020 and within two tenths of a percent of its greatest week since 2008. It has surpassed $5000 for the first time and is up another +1.7% this morning.
"But the dollar has just suffered its worst week in eight months, plummeting versus all of its peers, and has continued to decline this morning."
