Whale Investor Bets Big on Gold as Deutsche Bank Sees Fair Value at $4,700

A whale investor has made a large bet on gold, putting over $23 million into a long position. The investor, known as Loracle, is one of the most watched traders on Hyperliquid, and this move is significant.

Deutsche Bank analysts agree that gold is undervalued, with its fair value at around $4,700 an ounce, significantly higher than the current price of $4,093. In a note to clients, Deutsche Bank said that gold has been in an 'explosive phase' since August 2024 and that it expects this trend to continue.

The World Gold Council is less bullish, however, with its mid-year outlook predicting that gold will trade within a range of $4,100 for the rest of the year. The council cited geopolitical shocks or changes in rate expectations as potential triggers for gold to reach $4,500.