Gold has surged past $5,300/oz after a sharp multi-day rally, marking one of its strongest moves in years.
Deutsche Bank now sees a scenario where prices reach $6,000/oz in 2026.
Gold’s climb above $5,300/oz followed a roughly 3% jump in a single session, while several major banks raised their price forecasts for 2026.
Deutsche Bank’s $6,000 outlook stands at the top end of Wall Street estimates, ahead of Goldman Sachs’ $5,400 call.
With prices already at record levels and flows accelerating, how realistic is the path to $6,000?
RECOMMENDED: Goldman Sachs Just Raised Its 2026 Gold Price Target to $5,400
Why Gold Prices Are Rising
Several measurable forces now support higher prices. The U.S. dollar has softened, which makes gold cheaper for non-dollar buyers and lifts demand.
Central banks continue to add gold to reserves, reducing available supply in global markets.
At the same time, ETF inflows have increased, showing renewed interest from institutions and retail investors. When these forces align, price moves tend to happen fast, as seen in gold’s recent surge.
RECOMMENDED: Will Central-Bank Buying Keep Gold’s Rally Alive?
Why Deutsche Bank Believes $6,000 Is Possible
Deutsche Bank lays out a straightforward roadmap for how gold could reach the $6,000 level.
The bank argues that real interest rates would need to remain low, keeping the opportunity cost of holding gold attractive.
At the same time, a weaker U.S. dollar would provide additional support, while continued strong central bank buying would act as a steady demand base.
On the investment side, Deutsche Bank expects higher portfolio allocations to gold as investors lean more heavily toward hard assets. If these conditions align, increased ETF inflows and options-driven trading could amplify the move higher.
Still, the bank is careful to frame $6,000 as a bullish, high-end scenario – not a certainty, but a plausible outcome if the macro backdrop stays supportive.
ALSO READ: Gold And Silver Explode To Record Highs After Greenland Tariff Shock
What This Means For Investors
At current levels, gold no longer trades as a quiet hedge.
Investors may consider phased buying to manage timing risk.
Physical gold offers stability, while mining stocks add upside with higher risk. Dollar trends and ETF flows remain key signals to watch.
Conclusion
A $6,000 gold price no longer sounds extreme on Wall Street. Whether it becomes reality or not, the forecast signals a new phase for gold where sharp moves and volatility define the market.
Looking for clarity in the gold & silver markets?
Our premium members already have it.
InvestingHaven’s Gold & Silver Premium Alert Service delivers clear, data-driven forecasts built on nearly 20 years of precious metals expertise.
What you get:
-
Weekly gold & silver trend analysis using leading indicators (CoT, USD, yields, COMEX data).
-
Turning-point forecasting across multi-timeframe charts.
-
Actionable insights on GDX, GDXJ, SIL, and SILJ.
-
Intra-week alerts only when markets move — no noise.
Designed for serious investors who want medium- to long-term guidance, not short-term trading hype.
Join today and get the gold & silver roadmap trusted by disciplined investors worldwide.
You can read more about the service here
