Gold To Fall As Greece Negotiations Are Resolved - Deutsche Bank

Published: Jun 23, 2015 19:11

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The precious metals complex was the best performing commodity sector last week, according to Analysts at Deutsche Bank.

By Paul Ploumis 23 Jun 2015 Last updated at 05:53:04 GMT

(Kitco News) - The precious metals complex was the best performing commodity sector last week, according to Analysts at Deutsche Bank.

However, they are not expecting the momentum to last.

They note that most of strength last week came from safe-haven flows because of growing uncertainty with Greece’s ongoing bailout talks, but they are expecting negotiations to be resolved week.

"In the event of a last minute deal between Greece and her creditors we expect gold prices to re-test their lows as markets switch their attention to Fed lift off,” they say.

Courtesy: Kitco News

Greek crisis negotiation bailout gold price Deutsche Bank US Fed

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