Deutsche Bank: Raises Next Year's Gold Price Forecast to $4000

BlockBeats News, September 17th, Deutsche Bank raised its gold price forecast for next year on Monday, expecting an average price of $4000 per ounce, up from the previous $3700. The bank stated that a favorable foreign exchange and interest rate environment may further drive the gold price up. In the report, Deutsche Bank noted: "Although gold appears expensive relative to its fair value, we believe this is mainly due to robust official demand, which we expect to continue." At the same time, Deutsche Bank also raised its forecast for the 2026 silver price to $45 per ounce, up from the previous estimate of $40. (FXStreet)