Deutsche Bank predicts: Gold prices will approach $5000 in 2026, and will break historic levels again in 2027.

Golden Finance reports that Deutsche Bank predicts gold prices could approach $5,000 per ounce by 2026 and break through this key psychological barrier in 2027. Analyst Michael Hsueh pointed out that after the market clears its positions, the demand for gold purchases by central banks will continue to exist. Coupled with the re-entry of exchange-traded funds (ETFs), it is expected that gold prices could rise to a high of $4,950 per ounce by 2026. In a report released on Wednesday, Michael has raised his forecast for next year's average gold price from $4,000 per ounce to $4,450. For 2027, he provided an expected target of $5,150 per ounce. Despite gold prices having dropped about 10% from their peak in October, they have now regained half of their losses. The analyst noted, “Gold is breaking historical patterns”—the price volatility for 2025 has reached its highest level since 1980. At that time, ongoing concerns about inflation, currency devaluation, and the spiral increase of global debt had driven gold prices to new highs. He particularly emphasized that the outstanding performance of gold prices in this round is not solely due to the depreciation of the US dollar, making it even more remarkable.