Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth

(Reuters) -Deutsche Bank raised its 2026 gold forecast to $4,450 an ounce from $4,000 on Wednesday, citing stabilising investor flows and persistent central bank demand.

The bank now expects a $3,950–$4,950 range next year, with the top end about 14% above the current price of the December 2026 COMEX gold futures contract.

(Reporting by Sherin Elizabeth Varghese in BengaluruEditing by David Goodman)