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Deutsche Bank has increased its 2026 gold forecast to $4,000 and silver to $45 an ounce
Deutsche Bank has increased its 2026 gold forecast to an average of $4,000 an ounce. This revision is driven by ongoing central bank purchases, largely led by China, and expected U.S. Federal Reserve rate reductions. Previously predicted at $3,700, the updated forecast suggests that gold’s value may remain higher than fair-value models. Analyst Michael Hsueh anticipates further gains, with central bank gold purchases potentially reaching 900 tons next year. The forecast does not account for possible challenges to the Fed’s independence, which could make the outlook for gold even more bullish. The Fed is expected ... (full story)
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Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen. In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4 to 4‑1/4 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. FOMC STATEMENT COMPARE: pic.twitter.com/6gTcajtaKz One dissenter: Voting against this action was Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 1/2 percentage point at this meeting. FED SAYS DOWNSIDE RISKS TO EMPLOYMENT HAVE RISEN
From channelnewsasia.com | Sep 18, 2025
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From fxempire.com | Sep 17, 2025
Gold triggered a one-day bearish reversal on Wednesday, breaking below Tuesday’s low after briefly touching a new record high of $3,707. The volatility followed the Federal Reserve’s rate decision and forward guidance, which fueled sharp swings across markets. By the afternoon session, sellers had regained control, keeping trade in the lower third of the ...
