Deutsche Bank forecasts that gold prices could approach $5,000 an ounce in 2026 and break through this key psychological barrier in 2027.
The bank's analyst Michael Hsueh pointed out that after the market clears its positions, the demand for gold purchases by central banks will continue, and coupled with the re-entry of exchange-traded funds (ETFs), the price of gold is expected to climb to a high of $4,950 per ounce in 2026.
In a report published on Wednesday, Michael raised his forecast for the average price of gold next year from $4,000 to $4,450 an ounce, with a target of $5,150 an ounce for 2027.
Although gold prices once fell about 10 per cent from their October peak, they have now recovered half of their losses. The analyst observed that "gold is breaking the pattern of history" - price volatility in 2025 was the highest since 1980, when persistent concerns about inflation, currency depreciation and spiralling global debt drove prices to new highs.
He particularly emphasized that the outstanding performance of this round of gold prices is not solely due to the depreciation of the US dollar, making it even more rare.
Deutsche Bank forecasts that the price of gold will approach $5,000 in 2026, and will break the historic threshold again in 2027
2025-11-26 23:34:20
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