Gold may fall to $3,800 on Fed hike risk; ETF outflows, weak Asia demand weigh: Deutsche Bank report

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.