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
The Federal Reserve will announce its July interest rate decision on July 29, Eastern Time. The current target range for the federal funds rate remains at 3.5%-3.75%, but the suspense sur
Oil prices remain depressed on Tuesday, as hopes of a new round of peace talks between the US and Iran boosted hopes of a de-escalation of the Middle East conflict.
Gold price (XAU/USD) loses ground after registering gains in the previous day, trading around $4,050 per troy ounce during the Asian hours on Tuesday.
As of the Asian session on July 27, gold prices ( XAUUSD) opened with a strong gap up today and maintained its upward momentum intraday, briefly breaking through $4,100 during the session
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
Related Instrument
