Deutsche Bank: Lowering third quarter gold price forecast to $4300, lowering fourth quarter gold price forecast to $4800

According to a report by Golden Ten, Deutsche Bank analyst Michael Hsueh has lowered his third quarter gold price forecast by over 20% to $4300 per ounce and his fourth quarter price forecast by 17% to $4800 per ounce. Michael Hsueh pointed out that weak demand for exchange traded funds and weakened buying intentions in some countries have led to a lack of investor demand.