Deutsche Bank Warns Gold Could Fall to $3,800 per Ounce if Fed Returns to Rate Hikes

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According to Deutsche Bank on June 23, gold could fall to approximately $3,800 per ounce if the Federal Reserve returns to raising interest rates. In the bank's base case scenario, gold is projected to rise to around $4,300 per ounce in the third quarter and further climb to approximately $4,800 per ounce in the fourth quarter.
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