DEUTSCHE BANK SEES GOLD FAIR VALUE AT $4,700 Deutsche Bank says gold remains in an "explosive phase" that began in August 2024, with its models pointing to a year-end fair value of around $4,700/oz, above its $4,600 Q4 forecast. While some valuation models imply downside toward $2,600, the bank believes the correction has likely bottomed near $3,900, with official demand and supportive macro factors keeping the long-term outlook bullish.(*Walter Bloomberg)