


Deutsche Bank has raised its gold price forecasts for 2026. The bank increased its average forecast for an ounce of gold from $4,000 to $4,450. This revision is driven by the stabilization of investor sentiment in the market and the continuously increasing demand from central banks. According to the new forecasts, gold prices are expected to range between $3,950 and $4,950 throughout 2026.
In addition, Deutsche Bank announced price forecasts for other precious metals like silver for the period of 2026-2028. The average price for silver in 2025 is projected to be $38.8, while the forecast for 2026 rises to $55.1. Particularly, for the first quarter of 2026, silver prices are expected to reach $51.7, and by the last quarter, they are anticipated to climb to $58.5. For 2027, the average price is expected to be $60.0, and $55.0 for 2028.
Regarding platinum, Deutsche Bank set its average expectation for 2025 at $1,253, with a forecast of $1,575 for the last quarter of the year. According to the bank's predictions, platinum could trade at $1,630 in the first quarter of 2026 and $1,840 in the fourth quarter. The forecasts for 2027 and 2028 are $2,040 and $1,750, respectively.
Palladium is estimated to have an average price of $1,137 in 2025, with an expectation of $1,420 for the last quarter. In the first quarter of 2026, palladium is expected to rise to $1,470 and reach $1,660 by the last quarter. The average price for 2026 is projected to be $1,565, with forecasts for 2027 and 2028 at $1,840 and $1,570, respectively, highlighted in the report.
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