It has been slightly longer than a month since we shared our outlook for gold on Seeking Alpha. To recap briefly, we turned bullish on the entire precious metals complex and discussed our reasoning here in late 2018. Gold and silver met our price targets during the past few weeks. However, elevated speculation led us to the conclusion that precious metals are likely to correct during the next few months. We continue to expect lower prices for gold as most evidence signals headwinds.
(Source: Bloomberg / Deutsche Bank)
Negative real and nominal interest rates around