Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops

From kitco.com

Demand for gold continues to evaporate as investors grow more concerned about the Fed’s monetary policy outlook, necessitating a reduction of around 20% to gold price targets for the second half of 2026, according to Michael Hsueh, research analyst at Deutsche Bank. “Fed repricing, together with resilient US macro data, has played the primary role in pushing gold lower,” Hsueh wrote in a research note published Tuesday. Deutsche Bank now expects gold prices to average $4,300 per ounce in the third quarter of the year, down over 22% from the prior outlook, before rising to $4,800 in Q4, still representing a 17% ... (full story)