Global banks raise forecasts for gold and silver prices this year.

Several major banks have raised 2026 price forecasts for precious metals: Deutsche Bank and Societe Generale project gold near $6,000 an ounce, and Citi upgraded its near-term silver target to $150 an ounce.

Several large banks have raised price forecasts for gold and silver this year. Spot gold recently climbed above $5,100 an ounce as investors sought a safe-haven amid geopolitical and economic uncertainty. Analysts pointed to central bank purchases, inflows into exchange-traded funds and expectations of U.S. interest rate cuts as supporting the gains. The revisions were announced by firms including Deutsche Bank, Societe Generale, Citi, Morgan Stanley and Goldman Sachs. Key developments: - Deutsche Bank projects gold could reach $6,000 per ounce in 2026 and noted an alternative scenario around $6,900 per ounce. - Societe Generale also expects gold near $6,000 by the end of the year and cautioned its forecast could be conservative. - Morgan Stanley highlighted a bull-case of $5,700, while Goldman Sachs said it still sees upside risk to a $5,400 year-end forecast. - Citi raised its three-month silver target to $150 an ounce from $100 and described its stance as tactically bullish. - Spot prices recently reached records: gold above $5,100, silver at $117.69, and platinum at $2,918.80. Summary: The upward revisions reflect strong recent gains in precious metals and ongoing demand dynamics cited by analysts. Banks also noted the potential for continued volatility and a range of scenarios for future prices. Undetermined at this time.