Deutsche Bank: Lowers Q3 Gold Price Forecast by 20% to $4,300
2026-06-26 07:57
Odaily Planet Daily News Deutsche Bank analyst Michael Hsueh said the bank has lowered its third-quarter gold price forecast by more than 20% to $4,300 per ounce, and cut its fourth-quarter price forecast by 17% to $4,800 per ounce.
"At present, potential investors who would normally provide support are notably absent," he said, referring to weak demand for exchange-traded funds and a reduction in buying intentions in some countries. (Jin Shi)
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