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.
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Here is what you need to know on Thursday, August 13:
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During Wednesday's Asian trading session, spot gold (XAUUSD) extended its rebound, reclaiming $4,400/oz. As of 11:08 Beijing time on August 12, spot gold was trading at $4,414.705/oz, up
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