Gold Price Forecast: XAU/USD year-end forecast upgraded to $2,300 from $2,200 – ANZ
Source Fxstreet
Gold price has been scaling new highs in March. Economists at ANZ Bank analyze the yellow metal’s outlook.
Lifting the baseline of the Gold price range
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.
As the recent rise requires a lift of the price baseline, we upgrade our year-end forecast to $2,300 from $2,200.
See – Gold Price Forecast: XAU/USD well positioned to hit $2,250 Q2 target – TDS
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
On April 8, spot gold ( XAUUSD) at one point surged past $4,800 per ounce, hitting a peak of $4,857; however, it fell back to $4,698 on April 9, wiping out all gains in just 48 hours. Thi
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a mild positive bias during the Asian session on Friday, though it lacks bullish conviction amid hopes of Iran ceasefire stabilizing.
Geopolitical Premium Strikes Back. Hormuz Strait Reopening Faces Changes, Bitcoin Barely Holds 70,000 Psychological LevelMiddle East tensions escalate ahead of negotiations, causing Bitcoin to pull back after a surge, with $70,000 becoming the watershed between bulls and bears.On April 9, unexpected develop
Middle East tensions escalate ahead of negotiations, causing Bitcoin to pull back after a surge, with $70,000 becoming the watershed between bulls and bears.On April 9, unexpected develop
The outlook for navigation through the Strait of Hormuz remains clouded by uncertainty, as the newly reached ceasefire agreement has failed to bring stability to this global energy choke
Gold price (XAU/USD) trades in negative territory around $4,705 during the early Asian session on Thursday. The precious metal edges lower amid a temporary two-week ceasefire between the US and Iran.
Related Instrument
