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Deutsche Bank warns: If the Federal Reserve raises interest rates multiple times, gold prices could drop to $3,800 per ounce

金色财经_
Golden Finance reports that on June 23, Deutsche Bank lowered its gold target price, citing the Federal Reserve's hawkish stance, steady U.S. economic data, and weak investment demand. Deutsche Bank currently expects the fourth-quarter gold price to be $4,800 per ounce, but warns that if the Federal Reserve raises interest rates multiple times, the price could drop to $3,800 per ounce. Gold ETF outflows, weak futures positions, and sluggish demand from China and India have dragged down prices, while central bank purchases remain the main support.
GLDX-1.09%
PAXG-2.03%
XAU-2.13%
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