Deutsche Bank has significantly lowered its gold price forecast, warning of a potential drop to $3,800 per ounce if the Federal Reserve implements three to four rate hikes. This shift comes as resilient US economic data and monetary policy tightening are increasingly influencing gold prices, overshadowing geopolitical tensions and oil prices. Asian demand also shows signs of weakening, further pressuring the precious metal.
Deutsche Bank has significantly lowered its gold price forecast, warning of a potential drop to $3,800 per ounce. This projection hinges on the Federal Reserve implementing three to four rate hikes, driven by resilient US economic data. Weakening Asian demand further contributes…
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