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