**[Deutsche Bank: Gold Continues to Hit Record Highs, Indicating Panic in the Stock Market]** Golden Finance reports that gold prices have just hit another all-time high, which contrasts with the broader market's optimistic tone. After all, gold typically serves as a safe-haven asset during periods of economic uncertainty. Deutsche Bank analyst Henry Allen stated that this suggests underlying panic in the stock market, where investors are both optimistic about equities and concerned about significant downside risks. Allen remarked: "Although there are many factors driving gold prices, one of them is its role as a safe-haven asset that investors turn to in times of fear. Currently, market expectations suggest that U.S. inflation will remain above target in the coming years, which is far from 'ideal.' This is tied to ongoing tariff concerns, as scrutiny in industries such as pharmaceuticals and semiconductors continues. Moreover, the market perceives an increasing likelihood of a U.S. government shutdown at the end of the month. Beyond that, there are clear concerns about slowing employment growth."