Deutsche Bank forecasts gold prices to soar to $6,000 in 2025

Gold bars

Deutsche Bank expects gold prices to surge to $6,000 per ounce during the current year, as investors continue to diversify their portfolios away from US assets amid rising economic and geopolitical uncertainty.

Moreover, alternative scenarios could push prices to even higher levels, analysts at the German bank said in a research note cited by Reuters on Tuesday.

They added that gold reaching around $6,900 per ounce could be more consistent with the strong performance the yellow metal has recorded over the past two years.

Similarly, analysts at Société Générale projected gold prices will reach $6,000 by 2025-end, noting that this is a conservative estimate given the potential for additional upside risks.