Analysts at Deutsche Bank have also improved their gold price forecasts for 2025 and 2026 amid geopolitical and foreign trade uncertainty, which is contributing to increased demand for the protective asset. Experts expect gold to cost an average of $3140 per troy ounce this year and $3700 per ounce in 2026. The previous forecast was $2725 and $2900 per ounce, respectively. At the end of 2025, experts estimate that gold will cost $3350 per ounce.
Deutsche Bank’s forecast for 2026 is the most optimistic among the world’s leading banks.
Quotes of June gold futures on the Comex exchange are growing by 1.6% – to $3022 per ounce. On the eve of the precious metal price fell below the psychologically important mark of $3000 per ounce.
One of the factors supporting gold is the active demand for precious metals from the central banks of the world. According to Deutsche Bank estimates, central banks now account for about 24% of global demand for gold against 10% in 2022.
Last week, HSBC analysts improved their gold price forecast for 2025 to $3015 per ounce, but in 2026 they expect quotes to fall to $2915 per ounce.
