Deutsche Bank: Gold Could Reach $6,000 per Ounce in 2026 Amid Shift to Real Assets

Riyadh | EcoPulse24

Deutsche Bank has raised its outlook for gold prices in 2026, projecting the metal could reach $6,000 per ounce if investors continue moving toward non-dollar and real assets as safe havens amid a high-risk, uncertain environment.

This projection comes as gold has posted exceptional performance since the start of the year, climbing more than 17% so far. This surge is attributed to robust demand for gold bullion as a hedge against political and trade disruptions, as well as growing concerns over global fiscal and economic trajectories.

Historic High Above $5,100 - Safe Haven Demand Returns

Gold reached a new record above $5,100 per ounce in spot trading on Monday, indicating that a “risk premium” is being strongly priced into precious metals. According to market analysis, this rise reflects a shift from tactical buying to long-term strategic demand for gold, both in bullion and related investment products.

Deutsche Bank’s Specific Outlook

The bank's $6,000 scenario is based on continued portfolio reallocation away from dollar-denominated assets and increasing appeal for gold as a tangible asset during periods of uncertainty. Deutsche Bank also noted that alternative scenarios could see prices hit $6,900 per ounce, aligning with the strong momentum observed over the past two years, as reported by Reuters.

Why $6,000 Is Not a Shocking Figure for the Market

Historically, major gold rallies have been driven by three key factors:
1. Rising geopolitical and economic uncertainty, with shifting trade routes and alliances.
2. Increasing demand for hedging against currency volatility and real yield fluctuations.
3. Structural portfolio shifts favoring tangible assets, with bullion serving as “insurance” during market mispricing.

With these drivers still present, major institutional forecasts increasingly reflect a “priced-in trajectory” rather than mere speculative projections.

EcoPulse24 Analysis

A $6,000 forecast suggests the gold market views the recent surge as part of a sustained trend, supported by a global repositioning toward real assets and reduced reliance on dollar-denominated holdings. If this shift solidifies, bullion stands to benefit most as the simplest form of “safe haven” outside the financial system, with any short-term pullbacks likely seen as opportunities to rebuild positions rather than signals of trend reversal.

Source: As reported by Reuters.