UNITED STATES October 17 2014 11:45 AM
NEW YORK (Scrap Register): The gold outlook remains clouded by Deutsche Bank assessment that US real yields, the US dollar and the S&P500 will all post further advances heading into next year.
However, Deutsche Bank still views physical fundamentals in the PGM complex as healthy and consequently see fresh price highs ahead.
Industrial Metals & Materials sector has displayed resilience in the face of US dollar strength.
Of the group Deutsche Bank expects nickel, lead and zinc will be the outperformers particularly since these markets have a relatively low exposure to the Chinese property market.