Deutsche Bank has significantly revised its gold price forecasts for 2025 and 2026, citing recent economic and geopolitical developments.
The bank now projects average gold prices of $3,139 per ounce for 2025 and $3,700 for 2026, up from previous estimates of $2,725 and $2,900, respectively. Additionally, Deutsche Bank has raised its year-end (Q4 2025) forecast to $3,350 per ounce, reinforcing its bullish outlook despite recent market corrections.
This optimistic stance aligns with broader market trends. Goldman Sachs has also increased its end-2025 gold price forecast to $3,300 per ounce, driven by stronger-than-expected exchange-traded fund inflows and sustained central bank demand. Similarly, Bank of America projects gold to average $3,063 per ounce in 2025 and $3,350 in 2026, citing ongoing uncertainty from U.S. trade policies as a supporting factor.
These forecasts come amid heightened geopolitical tensions, particularly concerning U.S. trade policies under President Donald Trump. The administration’s firm stance on tariffs has led to significant market volatility, with global stocks experiencing sharp declines. China’s retaliatory measures, including substantial tariffs on U.S. goods, have further contributed to market instability. Such economic uncertainties often bolster gold’s appeal as a safe-haven asset, supporting its price.
Moreover, central bank demand remains robust. China’s central bank added gold to its reserves in March for the fifth consecutive month, underscoring the metal’s enduring appeal. Overall, the convergence of increased central bank purchases, geopolitical tensions, and expectations of monetary policy adjustments positions gold favorably in the coming years.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/gold-price-prediction-for-2025-and-2026-from-deutsche-bank/