Gold Price Forecast: XAU/USD to trade towards $2,300 by the end of 2024 – ANZ
Source Fxstreet
Gold prices have been scaling new highs in March. Economists at ANZ Bank analyze the yellow metal’s outlook.
A retracement looks likely in the short term
While we continue to hold our long-term positive view, a retracement looks likely in the short term. A price pull-back is an opportunity to build long positions.
We expect Gold to trade towards $2,300 by the end of 2024.
See – Gold Price Forecast: Push back in rate cut expectations from March to June may cap XAU/USD rally – ANZ
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Breaking: Gold falls below $5,000 as oil-driven inflation fears weighGold price (XAU/USD) tumbles to around $4,980 during the early Asian session on Monday. The precious metal faces some selling pressure despite intense geopolitical conflict in the Middle East. Traders will closely monitor the developments surrounding the United States (US)-Israel war with Iran.
Gold price (XAU/USD) tumbles to around $4,980 during the early Asian session on Monday. The precious metal faces some selling pressure despite intense geopolitical conflict in the Middle East. Traders will closely monitor the developments surrounding the United States (US)-Israel war with Iran.
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