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Deutsche Bank Cuts Gold Forecasts up to 22% as Bulls Temper View (opens original article in a new tab)

TL;DR

Deutsche Bank cut gold forecasts by up to 22% as investors grow cautious about US monetary policy and gold demand declines.

  • Deutsche Bank reduced gold-price forecasts by up to 22%
  • Investors are becoming more wary about US monetary policy outlook
  • Investment demand for gold is decreasing
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