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…

Gold slips as Fed rate-hike expectations buoy dollar

Gold prices dipped on Wednesday, reaching their lowest point since June 11, as a stronger dollar, fueled by anticipated U.S. interest rate hikes, made the precious metal pricier for international buyers. Investors are also weighing mixed signals from U.S.-Iran peace talks, adding to market uncertainty. Meanwhile, Dubai’s commodities exchange is set to launch a new…

India swings to premium on price retreat; China demand muted

Indian gold markets are seeing a premium return after a price dip, with buyers cautiously re-entering despite affordability concerns. This revival is fueled by falling international prices and a strengthening rupee. Meanwhile, China’s physical demand for gold has noticeably weakened, with jewellery sales and household caution impacting the market, though the central bank continues its…