According to CoinMeta, Deutsche Bank analysis suggests that the pullback in gold may have already ended, with prices expected to reach $4,600 by the end of the year. The bank noted that the recent pullback in gold has approached the bottom of $3,900 per ounce, rather than a deeper decline suggested by some technical models. Analysts stated that the current rapid rise in gold prices continues and represents the fifth explosive price movement identified since 1975. Deutsche Bank also mentioned that there are long-term valuation risks, and adjusted relative price ratios suggest that the equilibrium level for gold could drop to $2,600 per ounce, a difference that may resurface in market discussions.