Gold Price Forecast: XAU/USD to rise towards $2,200 by year-end – ANZ
Source Fxstreet
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.
Recommended Articles
Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
TradingKey - When it comes to US economic data, the Nonfarm Payrolls (NFP) is indeed one of the most significant indicators. This employment report, covering more than 90% of the employed population i
Gold price attracts some buyers near the $3,312-3,311 region during the Asian session on Monday and fills a modest bearish gap opening amid subdued USD price action.
Solana (SOL) price extends its recovery, trading above $192 at the time of writing on Monday, after rebounding from the ascending trendline support last week.
Silver (XAG/USD) builds on the previous day's positive move and gains strong follow-through traction for the second straight day on Tuesday.
Related Instrument
