23.06.2026 09:20
Deutsche Bank, a giant in global markets, has made a significant update to its gold price forecasts. The bank lowered its third and fourth quarter gold targets per ounce by 20% and 17%, respectively. However, despite this downward revision, the overall bullish outlook for gold remains.
New assessments from international giant financial institutions continue to emerge for gold, which investors see as a "safe haven" in global markets. Deutsche Bank has updated its year-end expectations for gold prices, signing an analysis that draws market attention.
SIGNIFICANT DOWNWARD REVISIONS IN FORECASTS
According to the assessment shared by Deutsche Bank Research Analyst Michael Hsueh, the bank has lowered its new targets compared to its previous report. According to the published data, the bank's third-quarter forecast for gold has been revised downward by approximately 20 percent, and its expectation for the final quarter of the year has been revised downward by 17 percent.
TARGET LOWERED BUT EXPECTATION OF 'UPTREND CONTINUES' REMAINS
Despite this significant reduction in target prices, Deutsche Bank maintains its long-term optimism for the precious metal. The bank's report emphasized that although forecasts have been lowered, the general upward trend in gold prices is expected to continue for the rest of the year.
HERE ARE THE NEW QUARTERLY TARGETS
Following the downward revision, Deutsche Bank's new price targets for investors in gold, currently at 4100 dollars per ounce, are as follows:
- Third Quarter Target: 4,300 dollars
- Fourth Quarter Target: 4,800 dollars