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Deutsche Bank Warns Gold Could Drop to $3,800/oz If Fed Hikes Rates Multiple Times

2026-06-23 10:57:36

According to BlockBeats, on June 23, Deutsche Bank lowered its gold price forecast, citing a hawkish Federal Reserve stance, resilient U.S. economic data, and weakening investment demand. The bank now targets gold at $4,800 per ounce in Q4 2026.

Deutsche Bank warned that if the Fed raises rates multiple times, gold prices could fall to $3,800 per ounce. Central bank purchases remain the primary support for prices.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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