Deutsche Bank Raised 2026 Gold Price Forecast to $4,000 per Oz
Gold | 2025-09-18 12:40:11
The above factors are likely to affect the policy decisions by the U.S. central bank next year.
By Paul Ploumis
SEATTLE (Scrap Monster): Leading German multinational investment bank and financial services company Deutsche Bank has lifted its 2026 gold price forecast to $4,000 per ounce. This is mainly on account of continued robust central bank demand, declining U.S. dollar and mounting uncertainties over U.S. Fed Reserve’s independence.
In a note to clients, Michael Hsueh, analyst at the bank stated that the recent rally in gold still has “further headroom to run”. The bank lifted its previous price forecast of $3,700 per ounce by a further $300 per ounce, for the next year. This represents a rise of 8% from the previous forecast.
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The uncertainties on account of changes in the composition of the Federal Open Market Committee (FOMC) and US President Donald Trump’s repeated attempts to interfere with the Fed’s decisions has led to market volatility. The above factors are likely to affect the policy decisions by the U.S. central bank next year.
The bank said that long-term outlook on gold continues to remain bullish. However, there may be headwinds as well. For instance, strong equity market performance may likely reduce safe-haven demand for the yellow metal. Also, increasing clarity on trade policies and an improved geopolitical situation across the globe may reduce allocation on gold, it noted.
