Odaily Planet Daily reported that Deutsche Bank on Monday raised its gold price forecast for next year, predicting an average price of $4,000 per ounce, up from a previous estimate of $3,700. The bank stated that a favorable foreign exchange and interest rate environment could drive further price increases. "While gold appears expensive relative to its fair value, we believe this is primarily due to strong official demand, which we expect to continue," Deutsche Bank stated in its report. Deutsche Bank also raised its silver price forecast for 2026 to $45 per ounce, up from a previous estimate of $40. (Gold Ten)