Still bullish on gold despite its rarity, RBC: More buying interest may emerge at $4000 and below

```htmlGolden Ten Data reported on June 26 that Royal Bank of Canada remains optimistic about the medium and long-term outlook for gold, believing that the "currency devaluation trade" has further room to develop. "We believe that at prices of $4,000 per ounce and below, there may be more buying interest, but more importantly, the broader theme of the 'currency devaluation trade' remains intact," said Chris Louney, commodity strategist at Royal Bank of Canada. "In the long run, given concerns about issues such as rising government debt, we believe the drivers for gold still exist."```