Deutsche Bank expects a recovery in Gold prices

NEW YORK (Scrap Monster): Deutsche Bank is looking for a recovery in gold prices.

“In our view, QE (quantitative easing) is working and will drive U.S. real interest rates and the U.S. dollar lower as we head into next year,” said the German bank in a weekly commodities report.

“We believe this will reverse the recent weakness in the gold price.  Within the PGM complex, we are most constructive to palladium since unlike platinum, market deficits in this market are not based on investment flows,” Deutsche Bank concluded.