German commercial bank: Gold will break through the current consolidation phase and is expected to reach $4800 by the end of the year, and $5200 by 2027.

Zhixin Finance APP learned that, amidst the recent poor performance of gold, Deutsche Bank believes that gold will eventually break through the current consolidation phase. The bank's analyst Carsten Fritsch pointed out that the market has shifted from expecting a rate cut by the Federal Reserve before the outbreak of the Middle East conflict to fully pricing in the possibility of at least a 25 basis point rate hike by the Federal Reserve by spring 2027, Therefore, he has lowered his year-end target price for gold from the initial $5000 per ounce to around $4800 per ounce.