- Gold Price Forecast: XAU/USD to trade near $2,000 by year-end – ANZ
Market news
27 September 2023
Gold Price Forecast: XAU/USD to trade near $2,000 by year-end – ANZ
Gold price has held up relatively well amid rising bond yields and rebound in the USD. Economists at ANZ Bank analyze the yellow metal’s outlook.
Headwinds to have limited impact on Gold over the coming months
Gold prices have been resilient in the face of rising US Treasury yields and a stronger USD. While the ‘higher rates for longer’ narrative gains momentum in response to strong US economic data, we see these headwinds having limited impact on Gold over the coming months.
We expect Gold to trade near $2,000 by the end of this year.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page