Analyst recommends that in the case of an imminent currency war, buy gold

Author: Eamonn Sheridan | Category: News

Yesterday Deutsche Bank warned on the rising risk of a no deal Brexit, to weigh on GBP.

Let's see if they can extend their streak, this from overnight on gold from the bank.
  • "With a currency war most likely to be fought on USD/CNY and EUR/USD terrain, one approach would be to steer clear of the direct conflict" 
  • "By far the most direct and simple way to trade the complexities of a currency war is by going long gold."
DB says a true currency war could develop if the U.S. attempt to weaken the dollar, and the response from other nations was to combat such intervention … sparking a "true currency war".

Deutsche Bank gold buy recommendation
Article overnight on Bloomberg 

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose