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06/23 11:05

Deutsche Bank Warns: Gold Prices May Drop to $3,800/oz if Fed Raises Rates Multiple Times

On June 23, Deutsche Bank lowered its gold price target, citing the Federal Reserve's hawkish stance, robust U.S. economic data, and weak investment demand. The bank currently expects gold prices to reach $4,800 per ounce in the fourth quarter but warns that if the Fed raises rates multiple times, prices could fall to $3,800 per ounce. Outflows from gold ETFs, weak futures positions, and sluggish demand from China and India have weighed on prices, while central bank purchases remain a key support.

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