---
title: "Gold still seen reaching $5,200 by year-end 2027, Commerzbank says"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288777940.md"
description: "Commerzbank analyst Carsten Fritsch maintains a year-end 2027 gold price target of $5,200/oz, citing structural support from eroding USD confidence and high government debt. Although the Iran conflict shifted rate expectations, prompting a temporary reduction to ~$4,800/oz for year-end 2026, Fritsch anticipates a transition period followed by lower oil prices and eventual Fed cuts in Q2 2027. Silver forecasts were lowered to ~$90/oz by end-2027."
datetime: "2026-06-04T21:59:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288777940.md)
  - [en](https://longbridge.com/en/news/288777940.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288777940.md)
---

# Gold still seen reaching $5,200 by year-end 2027, Commerzbank says

Gold prices have been struggling, as market expectations around U.S. monetary policy have shifted dramatically since the Iran war began, but the metal will eventually break out of its current consolidation phase, Commerzbank commodity analyst Carsten Fritsch said Thursday in a note. Interest rate expectations have switched from a cut before the sta...

### Related Stocks

- [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md)
- [SLVR.UK](https://longbridge.com/en/quote/SLVR.UK.md)
- [PALL.US](https://longbridge.com/en/quote/PALL.US.md)
- [IAU.US](https://longbridge.com/en/quote/IAU.US.md)
- [PSLV.US](https://longbridge.com/en/quote/PSLV.US.md)
- [GLD.US](https://longbridge.com/en/quote/GLD.US.md)
- [UGL.US](https://longbridge.com/en/quote/UGL.US.md)
- [PPLT.US](https://longbridge.com/en/quote/PPLT.US.md)
- [518850.CN](https://longbridge.com/en/quote/518850.CN.md)
- [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md)
- [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md)
- [SLV.US](https://longbridge.com/en/quote/SLV.US.md)
- [USLV.US](https://longbridge.com/en/quote/USLV.US.md)
- [SIVR.US](https://longbridge.com/en/quote/SIVR.US.md)
- [GLTR.US](https://longbridge.com/en/quote/GLTR.US.md)
- [ZSL.US](https://longbridge.com/en/quote/ZSL.US.md)
- [AGQ.US](https://longbridge.com/en/quote/AGQ.US.md)
- [CBK.DE](https://longbridge.com/en/quote/CBK.DE.md)

## Related News & Research

- [REG - Golden Prospect Prec Golden Prospect-GPSS - Monthly Investor Report - June 2026](https://longbridge.com/en/news/294225126.md)
- [PRECIOUS-Gold climbs 1% as U.S.-Iran truce pressures oil; all eyes on Fed meeting](https://longbridge.com/en/news/293905926.md)
- [PRECIOUS-Gold falls on firm dollar, spotlight on Fed's rate decision](https://longbridge.com/en/news/294037368.md)
- [PRECIOUS-Gold rises 2% as Fed holds rates steady, markets parse Warsh's comments](https://longbridge.com/en/news/294251861.md)
- [Gold prices extend slide at 6-week bottom](https://longbridge.com/en/news/293679674.md)