Gold: Risk-off flows support fresh gains – Deutsche Bank

Deutsche Bank highlights Gold rises to $4,100 region after a strong +5.06% weekly performance, its best since August. The bank attributes the move to risk-off sentiment from the AI-driven equity selloff and falling Oil prices. With equities under pressure and bond yields retreating, Gold benefited as a defensive asset in the current macro backdrop.

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"Credit was actually fairly flat on both sides of the Atlantic but the risk-off tone in equities meant it was a good week for gold, which was up +5.06% (-0.42% Friday) in its best week since August."

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"So along with the risk-off tone from the AI selloff, that helped to bring down sovereign bond yields around the world."

"Meanwhile, the 10-year US Treasury yield is up +1bps at 4.87% and Brent down around a percent as I type."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

РЫНОЧНЫЕ КОТИРОВКИ

Название / Символ
График
% Изменение / Цена
XBRUSD
Изменение за 1 д.
+0.27%
98.66
XTIUSD
Изменение за 1 д.
+0.24%
88.95
XAUUSD
Изменение за 1 д.
+0.18%
3896.89
XAGUSD
Изменение за 1 д.
+0.35%
50.102