Deutsche Bank Flags $3,800 Gold Risk as Fed Turns Hawkish

Deutsche Bank warned that gold could fall to about $3,800 an ounce if the Federal Reserve delivers three to four rate hikes, a scenario that would deepen the metal’s slide. The downside case sits alongside fresh forecast cuts. Deutsche Bank follows Goldman Sachs, which cut its year-end target to $4,900 an ounce from $5,400. Gold