Deutsche Bank Cuts Gold Forecasts up to 22% as Bulls Temper View
AI Summary
Deutsche Bank has lowered its gold price predictions by up to 22%, reflecting a shift in investor sentiment regarding the US monetary policy and a decrease in investment demand for gold. This adjustment comes as market bulls become more cautious, signaling a potential slowdown in the precious metal's upward trajectory. The change underscores the growing skepticism among investors about gold's traditional role as a safe haven, influenced by broader economic and policy shifts.
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