Deutsche Bank's 12-Month Outlook for Commodity and Foreign Exchange Markets
Deutsche Bank shared its future expectations for gold, oil, dollar, and copper in its September outlook report.
In the September outlook report published by Deutsche Bank, 12-month projections for the global commodity and forex market, notably gold and copper, were shared.
Expectation of Rise in Gold Prices
Deutsche Bank expects spot gold to reach the $5,000 per ounce level in the next 12-month period in its September outlook report.
The bank cites central bank demands and global uncertainties as influential factors in this increase.
Oil Market and Price Forecasts
In the oil market, global supply is projected to increase if supply disruptions originating from West Asia ease.
Deutsche Bank's Brent crude oil price forecast for September 2027 stands at $79 per barrel.
The Dollar and US Fiscal Outlook
It was stated that concerns regarding the US fiscal outlook could exert pressure on the dollar, but artificial intelligence investments could limit this decline.
The bank's 12-month EUR/USD parity forecast is at the 1.20 level.
Strong Demand in the Copper Market
It was emphasized that renewable energy investments and artificial intelligence data centers keep copper demand vibrant.
The bank expects the price of copper per ton to rise to $15,100 by September 2027.