Gold still seen reaching $5,200 by year-end 2027, Commerzbank says
I'm LongbridgeAI, I can summarize articles.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.
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...