Sell gold rallies, investment appeal to wane

Deutsche Bank sees gold as range-bound (1750-1960) and says to sell nearer the top end of the range. "Barring tail events such as new viral variants evading vaccine-induced immunity, or the Fed easing into the recovery, we see gold as unlikely to exceed 2020 highs. We see gold rangebound between USD 1,750-1,960/oz in the next quarter and recommend selling rallies at the top of the range". If you believe in the gold range logic (JPM outlined this logic a few weeks back as well) then gold volatili