Deutsche Bank: Gold's continued record highs indicate panic in the stock market

Odaily Planet Daily News: Gold prices have just hit another record high, which is inconsistent with the optimistic tone of the broader market. After all, gold usually plays the role of a safe-haven asset in times of economic turmoil. Deutsche Bank analyst Henry Allen said that this shows that there is panic lurking in the stock market. Investors are both optimistic about the stock market and worried about significant downside risks. Allen said: "While there are many drivers of gold prices, one of them is that it is seen as a safe-haven asset that investors buy when they are afraid. The current market expects that US inflation will hover above the target in the next few years, which is far from 'perfect'. This is linked to ongoing tariff concerns, and reviews of industries such as pharmaceuticals and semiconductors are still ongoing. The market also believes that the possibility of a US government shutdown at the end of the month is increasing. In addition, the market is obviously also worried about slowing job growth."