Gold is still in its ‘explosive phase,’ says Deutsche Bank, as it sticks to year-end target

AI Summary

Gold has shown consistent strong performance against the Consumer Price Index (CPI), with recent years particularly favorable. Deutsche Bank maintains an optimistic outlook towards gold's year-end target, citing its 'explosive phase.'

Going back as far as 1957 and a few periods notwithstanding, gold tends to outperform CPI and in the last couple of yars this has been especially pronounced.