Deutsche Bank thinks USD 6,000/oz for spot gold is achievable this year due to a weaker dollar; in alternative scenarios, USD 6,900/oz would be in line with the past 2-year outperformance

Deutsche Bank's bullish forecast for gold suggests that a weaker dollar could drive spot prices to as high as $6,000/oz this year, indicating a strong demand for gold as a hedge.

Newsquawk StaffPublished On the live feed at 4 more headlines followed before this page went public
Newsquawk headlinesUTC

German's Economic Minister says they will move forward with the wind power tenders to expand capacity

Samsung Electronics (005930 KS) and SK Hynix (000660 KS) have reportedly held talks with Apple (AAPL) to raise prices of LPDDR memory used in iPhones; Samsung's proposed hike is over 80%, whilst SK Hynix's is around 100%, reports ZDNET Korea

Deutsche Bank thinks USD 6,000/oz for spot gold is achievable this year due to a weaker dollar; in alternative scenarios, USD 6,900/oz would be in line with the past 2-year outperformance

ADNOC Gas (ADNOC) CEO says they're investing more than USD 20bln to increase processing capacity by approximately 30% by 2029

DTEK Power Company says the Russian attack damaged an energy facility in Ukraine's Odesa region

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • An eventual moderation of XAU/XAG ratio may result in higher absolute silver prices.
Context

Additionally, the commentary on silver prices implies a potential upward shift in the gold-silver ratio, which could benefit silver investors as well. This outlook reflects broader market expectations around forex dynamics and inflation hedging.

Related headlines

The whole workspace, free to try.

Try it free