HomeForex TradingUrge for food for XAU/USD is whetting – ANZ

Urge for food for XAU/USD is whetting – ANZ


Macroeconomic developments proceed to current a bullish backdrop for the Gold market, strategists at ANZ Financial institution report.

Gold to trip on safe-haven demand

“US banking sector points, elevated rates of interest and uncertainty across the debt ceiling are dampening the financial outlook and boosting safe-haven demand for Gold.”

“We anticipate gold to succeed in $2,100 (earlier forecast $2,050) by the top of this yr, with value dips presenting shopping for alternatives.”

See – Gold Worth Forecast: XAU/USD to undergo a part of weak point throughout the summer season months – Commerzbank

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