Major bank revamps gold price target for 2026

Deutsche Bank just reset its gold price target in a big way to $6,000 an ounce, implying a nearly 14% bump from the current spot price of $5,267. Though the sharp upward adjustment stands out, it’s the rationale that packs the bigger punch. At this point, the shiny yellow metal is rallying without panic. For perspective, I covered gold on Jan. 23, when it traded around $4,957 an ounce. Within five days, gold is up another 6%, extending a rally that still has plenty of legs. For Deutsche Bank, the rall ...