Deutsche Bank Stock Falls To New Record Low Showing ‘Lehman Shock’ Contagion Risk

August 16, 2019

* Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk

* FTSE 100 opens slightly higher after trading delay of 90 minutes on trading trading services ‘issue’

* GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’

* Gold prices are marginally lower today but are currently set for another higher weekly close as safe-haven buying continues

* The wider economic, monetary and geopolitical backdrop will support safe haven assets and investors without an allocation to the precious metal should cost average into physical gold

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

A one-ounce gold nugget is rarer than a five-carat diamond.

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