Deutsche Bank forecasts gold at $4,800

Deutsche Bank has raised its gold price forecasts, expecting the ounce to reach $4,800 by the fourth quarter of 2026, provided the U.S. Federal Reserve keeps interest rates high for an extended period. This scenario would boost demand for the metal as a safe-haven asset and lead to new record levels. Conversely, if the Fed continues to increase interest rates, the gold price may stay around $3,800 per ounce, although still above historical averages. Future gold prices will depend on U.S. economic data, the impact of interest rates, and monetary policies.

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