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macroAug 3, 2026, 9:38 AM

Deutsche Bank: Gold in Explosive Phase but Correction Muted

Deutsche Bank Research analysts say gold has been in an explosive price phase since August 2024, but recent moves point to a muted correction.

XAUUSD

Deutsche Bank Research analysts Michael Hsueh and Bryant Xu note that gold has been in an explosive price phase since August 2024.

Recent price action, however, suggests any correction is likely to be muted, according to their analysis.

The comments highlight the precious metal's strong upward momentum amid ongoing market dynamics.

Source: FXStreet Forex News