Gold to reach $2,300 early next year - ANZ

Market news

9 October 2020

Gold to reach $2,300 early next year - ANZ

FXStreet notes that gold (XAU/USD) continues to benefit from the reduced haven demand for the US dollar and strategists at ANZ Bank forecast the yellow metal reaching the $2,300 level at the beginning of 2021.

“Ample money supply, lower interest rates and macro uncertainty should support gold investment.”

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