Raylian Bank is "very bullish" on gold and predicts it will break $5000.

Ruili Bank advises customers to increase their gold allocation, and predicts that this precious metal will continue to strengthen on the basis of the current strong uptrend, breaking through $5,000. "We are still very bullish on gold," said Peter Kinsella, the company's forex strategy director. "We have positioned ourselves for a rise to at least $5,000-5,200 by the end of this year. In the longer term, the trajectory is definitely higher." He mentioned that the company currently has a 7% allocation to gold, and may increase this position, noting that the ideal investment portfolio weighting should be between 7% and 15%.