Gold hit a new record. What Deutsche Bank says is driving the price of the metal
1. Gold futures hit record high at $3,849.40, up 46% this year. 2. ETFs now have 50% stronger impact on gold pricing compared to last three years. 3. Central banks and ETFs significantly drive gold demand, affecting future prices. 4. Gold price changes influence ETF flows, not the other way around. 5. Record $17.6 billion influx into gold funds indicates strong market confidence.