Gold could fall to $3,800 per ounce if markets price in multiple US Federal Reserve rate hikes, according to Deutsche Bank. Weak ETF inflows, soft Asian demand and subdued investment interest are weighing on bullion, even as a base case still sees upside if the Fed maintains a pause.
Deutsche Bank predicts gold could fall to $3,800 per ounce if the US Federal Reserve implements multiple rate hikes. The precious metal is currently under pressure from weak ETF inflows, subdued Asian demand, and limited investment interest. Despite these headwinds, a pause by…
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