Deutsche Bank: Gold Could Come Under Pressure to $3,800 if Fed Turns Hawkish

BlockBeats News, June 23rd, Deutsche Bank stated that under different monetary policy paths, the price of gold may see significant divergences. If the Federal Reserve resumes its tightening cycle, the gold price could fall to around $3800 per ounce.

However, in the baseline scenario, the bank still expects the gold price to rise to around $4300 per ounce in the third quarter and further increase to around $4800 per ounce in the fourth quarter.