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    Gold Price Forecast: XAU/USD to rise towards $2,200 by year-end – ANZ

    Source Fxstreet
    Feb 21, 2024 14:05

    Over the past six months, Gold prices have risen over 3%. Economists at ANZ Bank analyze the yellow metal’s outlook.

    Gold’s recent price consolidation is likely to extend till the end of Q1

    Gold’s recent price consolidation is likely to extend till the end of the first quarter. However, we expect the price to rise towards $2,200 by year-end. 

    Upcoming elections and prospective rate cuts will support Gold investment.

    See – Gold Price Forecast: Fed policy will remain key to the outlook for XAU/USD in the months ahead – ING

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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