Gold price resists deflating, despite its falls: will the euphoria be maintained or will its shine wither?

TL;DR

Gold's price has fallen from historic highs of nearly $5,600 per ounce in mid-January.
The first month of the year saw gold's largest monthly drop in over four decades.
Despite the decline, gold remains around $5,000 per ounce, resisting further falls.
Recent drops of over 3% were followed by a moderate rebound, ending the previous Friday at $4,954.
Analysts attribute the recent pullbacks to the strong previous gains.
Projections vary, with Deutsche Bank forecasting $6,000 by the end of 2026, and Bankinter estimating $4,500.
The consensus among analysts is that gold's long-term trend remains bullish.

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