Weakening Dollar: According to Deutsche Bank, Gold is in Pursuit of New Records.

Deutsche Bank's Gold Predictions

Deutsche Bank analyst Michael Hsueh stated that the weakening dollar could pave the way for gold prices to reach new record levels. High geopolitical risks and increasing economic uncertainties are boosting interest in precious metals and triggering investors' search for safe havens.

Demand for Safe Havens

Due to geopolitical tensions and ongoing turbulent processes, the price of precious metals like gold is rising. Hsueh emphasized the impact of the fragmentation in global markets on pricing while evaluating this situation.

Expectation of New Records

Analyst Hsueh predicted that gold could reach the $6000 level. On January 26, gold reached a historical record of $5111, and the following day, as of January 27 at 18:07, it was trading at $5064 with a 0.1% increase. Meanwhile, gram gold was trading at 7066 TL, reflecting a 0.3% increase.

Banks' Opinions

According to assessments made by institutions and financial organizations, increasing purchases by central banks, rising geopolitical tensions, and ongoing wars are supporting gold prices and enabling the upward trend to continue.