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

Deutsche Bank reduced gold price forecasts by up to 22% as investors grow cautious about US monetary policy and investment demand wanes.

• Deutsche Bank cut gold price forecasts by up to 22% due to investor wariness about US monetary policy and reduced investment demand.
• Gold price targets were lowered to $4,300 an ounce in Q3 and $4,800 in Q4, still above current levels near $4,140.
• Fed's potential rate hikes and strong macroeconomic data contributed to gold's decline, while central bank demand remains a supportive factor.