Deutsche had previously penciled in gold to see average prices of $2,725 in 2025 and $2,900 for 2026. But amid the latest developments since last week, they are raising the forecasts to $3,139 in 2025 and $3,700 in 2026 respectively. The firm says that: “We conclude that the bull case for gold remains strong despite this week’s correction and further upgrade our year-end (fourth quarter 2025) forecast to $3,350 per ounce.”