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Deutsche Bank has lowered its gold price forecasts by up to 22%, with new projections reaching $4,300 per ounce in the third quarter and $4,800 by the end of the year. This revision comes amid declining investment demand and increasing challenges related to U.S. monetary policy. The announcement follows a roughly 12% drop in gold prices in the first quarter, continuing the impact of rising interest rate expectations from the U.S. Federal Reserve and its effect on the global gold market.
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