Deutsche Bank hiked their forecast for gold as high as $2,600

Deutsche Bank announced revised forecasts for gold on Tuesday:

  • to reach $2,400 per ounce by the end of 2024
  • to reach $2,600 by the end of 2025

DB cite:

  • heightened investment inflows
  • escalating geopolitical tensions, particularly in the Middle East
  • central banks’ significant buying

Earlier this week Goldman Sachs moved their forecasts up also:

This article was written by Eamonn Sheridan at Source