Deutsche Bank raises 2026 golden expectations to $ 4000 with high alloys

By Anmol Choubey

(Reuters) -Deutsche Bank raised the price of the price of gold by $ 300 for the next year, with an average of $ 4000 an ounce on Wednesday, due to the strong demand for the central bank, the potential weakness of the US dollar and the resumed Federal Reserve compensation.

The bank raised its expectations of $ 3,700 previously expected in April, pointing to factors, including negative risks to the foundation in the Federal Reserve represented by maintaining stability in 2026 after three discounts in the expected prices in 2025.

She explained the uncertainty resulting from the changes in the formation of the Federal Open Market Committee and the ongoing challenges facing independence of independence feeding as it is supportive of gold prices.

The Federal Reserve Bank is scheduled to announce its political decision later on Wednesday, amid challenges, including the legal conflict over its leadership and its American president. Donald TrumpEfforts to practice a greater policy on the price policy and the broader role of the bank.

Deutsche Bank pointed out that the official demand for gold is continuing at the weakness of the average pace of 2011-2021, which is largely paid by China, and pointed out that the recycled gold supplies are less than 4 % less than the expected levels this year, which reduces the boundaries of gold ascending.

However, the bank warned of risks, including the performance of the strong stock market, the seasonal weakness in gold prices during the fourth quarter based on historical trends for 10 years and 20 years, and the American economic conditions that may push the Federal Reserve to retain fixed rates in 2026.

Deutsche Bank said that although positive developments in American commercial negotiations can reduce the uncertainty in investing business, gold sensitivity to such events was limited.

Unrestricted alloys, which are often considered as safe origins in times of uncertainty, tend to perform well in a low -interest environment. About 40 % increased yearly and reached a record increase of $ 3,702.95 on Tuesday.

The bank also raised silver price expectations for 2026 to $ 45 an ounce, up from $ 40.

(Angeol Choubey reports in Bangaluru; edited by Joe Pavier and Bernadet Paom)