Deutsche Bank Raises 2026 Gold Forecast to $4,000 as Prices Hit Fresh Record High

Deutsche Bank expects gold to average $4,000 per ounce in 2026 after the metal hit a record high, citing strong official-sector and central-bank demand.

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Deutsche Bank Raises 2026 Gold Forecast to $4,000 as Prices Hit Fresh Record High

Deutsche Bank Raises 2026 Gold Forecast to $4,000 as Prices Hit Fresh Record High
Deutsche Bank upgraded its gold price forecast for 2026 to an average of $4,000 per ounce after the metal recently hit an all-time high of $3,702.95. The bank cited strong official sector buying, macroeconomic uncertainty, and sustained demand from central banks as the primary drivers of the upward revision. Analysts noted that rate cuts, inflation concerns, and geopolitical hedging continue to support gold’s long-term trajectory. The updated forecast reinforces expectations that gold might remain a preferred safe-haven asset in an environment defined by shifting interest-rate dynamics.