Deutsche Bank predicts: Gold prices will approach $5,000 by 2026 and break another historic milestone in 2027

Jinse Finance reported that Deutsche Bank predicts that gold prices may approach $5,000 per ounce by 2026 and break through this key psychological barrier in 2027. The bank's analyst Michael Hsueh pointed out that after the market completes its position clearing, the demand for gold purchases from central banks will persist. Coupled with the re-entry of exchange-traded funds (ETF), it is expected that gold prices could climb to a high of $4,950 per ounce in 2026. In a report released on Wednesday, Michael has raised his average gold price forecast for next year from $4,000 per ounce to $4,450. For 2027, he gave a target expectation of $5,150 per ounce. Although gold prices once fell about 10% from their October peak, they have now recovered half of the lost ground. The analyst observed that "gold is breaking historical patterns"—the price volatility in 2025 is set to reach the highest level since 1980. At that time, persistent concerns about inflation, fiat currency depreciation, and the global debt spiral repeatedly pushed gold prices to new highs. He particularly emphasized that the outstanding performance of gold prices in this round is not simply due to the depreciation of the US dollar, which makes it even more remarkable.