Another major bank continues to be bullish! Deutsche Bank raises its gold price forecast to $4000.

Gainsai Finance APP learned that Deutsche Bank believes that there is still room for further increase in gold prices. The bank predicts that the average price of gold next year will reach $4,000 per ounce. Gold is currently experiencing its strongest upward trend in decades, with a 40% increase so far this year. This surge is the most significant annualized increase since 1979, when global investors flocked to the precious metals market due to concerns about inflation.