Deutsche bank: it's time to buy gold
Deutsche Bank analysts believe that the rising economic risks and market turmoil mean investors should buy gold. “There are rising stresses in the global financial system; in particular the rising risk of a U.S. corporate default cycle and the risk of a sharp one-off renminbi devaluation due to the sharp increase in China's capital outflows,” Deutsche Bank added, CNBC informs. “Buying some gold as 'insurance' is warranted.” The bank's analysts believe that in the fourth quarter of 2015, gold prices have reached the bottom. They have raised the forecast for gold prices in the fourth quarter of 2016 by 26% - up to $1,230 an ounce.