Deutsche Bank has reduced its gold price forecasts for the third and fourth quarters, citing investor caution regarding US monetary policy and waning investment demand for gold. Analyst Michael Hsueh projects Q3 gold prices at $4,300 per ounce, a reduction of over 20% from previous estimates, and Q4 prices at $4,800 per ounce, down 17%. Despite these downward revisions, the bank still anticipates an increase in gold prices from current levels near $4,140 per ounce, though with less optimism than before. AI
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