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

Gold could fall to $3,800 per ounce if markets price in multiple US Federal Reserve rate hikes, according to Deutsche Bank. Weak ETF inflows, soft Asian demand and subdued investment interest are weighing on bullion, even as a base case still sees upside if the Fed maintains a pause.

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