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RBC Maintains Gold Optimism, Eyes Potential Inflows Below $4,000 Per Ounce Today

2026-06-26 11:21:09

XAU0.95%

According to Jin10, the Royal Bank of Canada remains optimistic on gold's medium to long-term prospects today (June 26), with commodity strategist Chris Louney stating that the "currency debasement trade" still has room for further development. "We believe there may be increased buying interest at prices of $4,000 per ounce and below, but more importantly, the broader 'currency debasement' theme remains intact," Louney said. The bank cited ongoing concerns over rising government debt as a key long-term driver for gold.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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