Gold Price Forecast: Strong investment demand will be critical to the direction of XAU/USD in H2 – ANZ
Source Fxstreet
Investment demand for Gold has not been moving in tandem with prices for more than a year. Strategic investment inflows will be crucial for the Gold price, economists at ANZ Bank say.
A less crowded investment in Gold presents significant upside potential
Record highs of equity markets, along with heightened geopolitical tension, will encourage investors to add Gold to portfolios.
In our view, a less crowded investment in Gold presents significant upside potential as this leaves more room for increasing Gold holdings.
We estimate investment demand to shoulder nearly 460t of Gold to keep the market balanced in 2024.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
Gold (XAU/USD) attracts buyers for the second consecutive day and surges past the $4,100 mark to hit a nearly two-week high during the Asian session on Wednesday.
Bitcoin Price Forecast: Persistent ETF inflows, easing Middle East tensions lift risk appetiteBitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
Bitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
As of the European session on August 7, gold prices ( XAUUSD) extended their recent strong performance, rising over 1% intraday to briefly cross the $4,300 mark. With a cumulative gain of
Related Instrument
