Gold Price briefly fell below $1,800. Economists at ANZ Bank expect XAU/USD to stabilise near $1,820.

Upside potential for $1,950

“Aggressive monetary tightening, rising yields and a stronger dollar are key drags for the gold price.”

“Concerns about global economic growth, fuelled by sustained inflation and heightened geopolitical risks, should protect the yellow metal somewhat.” 

“We expect the price to find a floor at the current level $1,820, with upside potential of $1,950.”