DEUTSCHE BANK CUTS GOLD OUTLOOK Deutsche Bank lowered its gold forecast, citing a hawkish Fed, resilient U.S. data and weak investment dema…
DEUTSCHE BANK CUTS GOLD OUTLOOK
Deutsche Bank lowered its gold forecast, citing a hawkish Fed, resilient U.S. data and weak investment demand.
The bank now sees gold at $4,800/oz in Q4 but warns prices could fall to $3,800/oz if the Fed delivers multiple rate hikes.
ETF outflows, weak futures positioning and softer demand from China and India are weighing on prices, while central bank buying remains the main support.
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