Deutsche Bank Lowers Gold Forecast: Year-End Target at $4,800

Deutsche Bank has revised its gold price forecasts downward, citing uncertainties in US monetary policy and weakening investment demand. The bank now projects gold at $4,800 per ounce by year-end, a figure below its previous expectations. The bank warned that if the Fed keeps interest rates steady, gold could remain at the $4,800 level, but potential rate hikes could push prices down to $3,800. This revision is attributed to changing global economic conditions and central bank policies. Deutsche Bank analysts point to uncertainties surrounding US monetary policy and softening investor demand as key drivers of the decline in gold prices. They note that potential interest rate increases could reduce demand for non-yielding assets like gold. This is not investment advice.

📊 GLD — Piyasa Yorumu

▼ down · 70%

The news signals a negative sentiment as Deutsche Bank lowers its gold price forecast. Technical indicators support this view: although the RSI is approaching oversold territory at 35, the MACD remains below the signal line and in negative territory. The price is trading well above the 20- and 50-day moving averages, suggesting potential for a short-term correction. The 1.5% decline in the last 24 hours indicates increasing selling pressure. The bearish trend is expected to continue in the near term.

RSI 14

35.3

MACD

-2.51

24h Δ

-1.54%

📊 GOLD — Piyasa Yorumu

▼ down · 65%

The stock closed last at $41.86, below its SMA20 ($42.60) and SMA50 ($43.11). The RSI at 40.24 indicates weak momentum, while the MACD remains below the signal line and in negative territory. Deutsche Bank's downward revision of its gold price forecast could add further selling pressure on gold mining stocks. Given the weak short-term technical outlook and negative news flow, the probability of continued downside movement is high.

RSI 14

40.2

MACD

-0.41

24h Δ

-4.63%

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