"Key drivers include: 1) low/negative real rates, 2) the view that the dollar has peaked against DM currencies, and 3) lingering macro risks."

source: http://www.businessinsider.com/ubs-note-on-golds-new-phase-after-brexit-2016-7

I googled it and the result is.... Deutsche Mark. It can't be like that, I think.


It means developed market. I had to research it a bit too to find out.

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