Micron (MU) jumped 6% to about $790, testing a 52-week high near $818, as Deutsche Bank lifted its price target to $1,000. The turnaround is driven by a surge in DRAM revenue, up 207%, and total revenue rising to $23.86 billion. Despite the run, MU trades at a forward P/E of 12—half the sector’s median—raising the question: will momentum last or fade fast?
Deutsche Bank is forecasting a bullish path for gold, saying prices could reach $8,000 per ounce within five years. The call is tied to central banks steadily adding to their gold reserves while diversifying away from the US dollar. Economic and geopolitical uncertainty is accelerating the shift, with emerging markets taking the lead in reserve rebalancing.
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