Data compiled by Woofun AI shows Macquarie has revised its gold price outlook downward for the second half of the year. The bank now projects the third-quarter average price to settle at $4,450 per ounce, marking a 3.3% reduction from its earlier forecast.

Concurrently, the fourth-quarter target has been adjusted to $4,300 per ounce, reflecting a 2.3% decrease from previous expectations. This dual-quarter downgrade signals a more cautious stance on near-term precious metals valuation.