Deutsche Bank forecasts gold could hit $6,000 an ounce in 2026
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Deutsche Bank predicted Tuesday that gold prices could jump to $6,000 per ounce in 2026 as investors continue to increase their allocations to non-dollar and real assets.
Gold hit a record high above $5,100 per ounce on Monday after rising geopolitical and economic uncertainties drove investors toward safe-haven assets.
Deutsche Bank stated, “According to alternative scenarios, a gold price of $6,900 per ounce might actually be more in line with the extremely strong performance over the past two years.”
Analysts at Societe Generale also anticipate gold prices reaching $6,000 per ounce by the end of the year, though they point out that this might be a conservative estimate given the potential for additional gains.
Morgan Stanley stated Monday that gold could continue rising, indicating a possible price of $5,700 per ounce.
Gold prices have surged more than 17% since the beginning of 2026, following a 64% increase last year, bolstered by strong central bank purchases, inflows into exchange-traded funds, and expectations of reductions in U.S. interest rates.
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