Deutsche Bank analyst Michael Hsueh said the bank has cut its Q3 gold price forecast by just over 20% to $4,300/oz and trimmed its Q4 forecast by 17% to $4,800/oz. He cited a noticeable absence of normally supportive buyers, pointing to weak ETF demand and reduced buying willingness from some countries.

2026-06-26

Deutsche Bank analyst Michael Hsueh said the bank has cut its Q3 gold price forecast by just over 20% to $4,300/oz and trimmed its Q4 forecast by 17% to $4,800/oz. He cited a noticeable absence of normally supportive buyers, pointing to weak ETF demand and reduced buying willingness from some countries.