Crypto
$23 Million Gold Bet Made as Deutsche Bank Sees Price Surge
Deutsche Bank analysts have made headlines recently for their predictions on Bitcoin's price. Now, they're focusing on gold, and one investor is taking notice.
A single whale has placed a massive bet of $23 million on the precious metal, with some predicting it could rise to $4,700 per ounce in 2023.
The analysts at Deutsche Bank see fair value for gold at that price point, which would represent a significant increase from its current levels. However, not everyone is convinced that the market will reach this target.