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المشهد العربي
Deutsche Bank reduces gold forecast by 22%
Deutsche Bank has lowered its gold price forecast by 22%, now expecting the price to fall to $4,300 per ounce in the third quarter of the year. This is a significant downgrade from previous predictions, which were nearly 17% higher for the latter months of the year. This adjustment reflects a decline in market confidence and the negative impact of the potential rise in interest rates by the Federal Reserve, amidst ongoing sell-offs by gold-backed investment funds.
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