Gold: Higher prices expected amid geopolitical risks – Deutsche Bank

💡 DMK Insight

Gold’s potential surge to USD 6,000/oz isn’t just a number—it’s a reflection of rising geopolitical tensions and inflation fears. As geopolitical volatility escalates, traders should keep a close eye on Gold’s price movements, especially if it breaks above key resistance levels. Historically, Gold tends to thrive in uncertain times, and with investment motives shifting towards safe havens, we could see increased buying pressure. If Gold approaches significant levels, like USD 2,000/oz, it could trigger a wave of momentum trading. But here’s the flip side: if geopolitical tensions ease or if the Fed signals a more hawkish stance, we might see a sharp pullback. So, watch for these dynamics. In the coming weeks, keep an eye on the USD and broader commodity trends, as they could influence Gold’s trajectory. A close above USD 2,000/oz could set the stage for that ambitious USD 6,000/oz target, but volatility is likely to remain high, so manage your risk accordingly.