Deutsche Bank raises 2026 gold forecast to $4,000 as bullion hits record highs

By Anmol Choubey (Reuters) -Deutsche Bank raised its gold price forecast by $300 for next year to an average of $4,000 per ounce on Wednesday, due to strong central bank demand, potential U.S. dollar weakness and a resumed Federal Reserve rate-easing cycle. The bank raised its forecast from a previously expected $3,700/oz in April, citing factors including downside risks to the Federal Reserve's base case of holding rates steady in 2026 following three anticipated rate cuts in 2025. It flagged uncertain ...