Deutsche Bank Revises Gold Price Forecast Downward

Deutsche Bank has revised its gold price forecast downward, with a 20% decrease in its third-quarter forecast and a 17% decrease in its fourth-quarter forecast. According to Deutsche Bank Research Analyst Michael Hsueh, the new targets indicate lower levels compared to previous forecasts. The bank's assessment suggests that gold prices may continue to rise for the remainder of the year. Deutsche Bank predicts that the price of gold may reach $4,300 in the third quarter and up to $4,800 in the fourth quarter.