Gold Soars Past $5,200 Record as Dollar Weakens; Deutsche Bank Eyes $6,000

• Spot gold hit a new record high of $5,285.35 per ounce, extending its 2026 gains to over 20 percent.
• The rally is fueled by a plunging U.S. dollar, geopolitical uncertainty, and expectations of prolonged monetary easing.
• President Donald Trump's remarks on dollar weakness further accelerated selling in the greenback, boosting gold's appeal.
• Deutsche Bank forecasts gold could reach $6,000 per ounce in 2026, with an alternative scenario of $6,900.
• Other major banks like Societe Generale, Morgan Stanley, Goldman Sachs, Citi Research, and Bank of America have also raised their gold price targets.

Why It Matters: Gold reached a new record above $5,200 driven by a weak dollar and geopolitical factors, with analysts predicting further gains.