Deutsche Bank raised its gold price forecast by $300 for next year to an average of $4 000/oz on Wednesday, due to strong central bank demand, potential US dollar weakness and a resumed Federal Reserve rate-easing cycle. The bank raised its forecast from a previously expected $3 700/oz in April, citing factors including downside risks to the Federal Reserve's base case of holding rates steady in 2026 following three anticipated rate cuts in 2025. It flagged uncertainty stemming from changes in the Federal Open Market Committee's composition and ongoing challenges to Fed independence as being supportive for gold ... (full story)