Despite an impressive start to October, banks continue to downgrade their year-end gold price forecasts, with Commerzbank now slashing its estimate by another $100 due to rising Fed rate hike expectations. Commerzbank expects gold to end the year at $1,700 after already downgrading its forecast from $2,000 to $1,800 back in August. The main reason for this lack of optimism is the projection for an even more aggressive Federal Reserve, which will keep the U.S. dollar elevated and gold under heavy pressure. Commerzbank sees the Fed hiking another 175 basis points in its tightening cycles before pausing. "Our ... (full story)