BlockBeats News, June 23rd, Deutsche Bank has lowered its gold price target, citing a hawkish Fed, strong US economic data, and weak investment demand. Deutsche Bank currently expects the gold price to be $4,800 per ounce in the fourth quarter, but warns that if the Fed raises interest rates multiple times, the price could drop to $3,800 per ounce. Outflows from gold ETFs, weak futures positions, and soft demand from China and India have weighed on the price, while central bank buying remains a key support.