economy

Deutsche Bank says gold’s 'explosive' run isn't over and gives a bullish end-of-year forecast

Deutsche Bank says gold’s explosive price behavior is ongoing, even after spot prices fell from a January record and doubled since August 2024.

Deutsche Bank says gold’s 'explosive' run isn't over and gives a bullish end-of-year forecast

TL;DR

  • Deutsche Bank believes gold's "explosive" price run, starting in August 2024, is still active.
  • Gold has doubled in price since August 2024, despite falling from an earlier all-time high.
  • Deutsche Bank forecasts gold's fair value at approximately $4,700 per ounce by year-end.
  • A previous warning from the Bank of International Settlements suggested the gold market might be in bubble-like territory.
  • Higher interest rates and a stronger U.S. dollar had previously impacted gold's performance.

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