Gold Price Forecast: A risk-off scenario in equity markets will lend support to XAU/USD – ANZ

Market news

27 March 2024

Gold Price Forecast: A risk-off scenario in equity markets will lend support to XAU/USD – ANZ

Economists at ANZ Bank analyze Gold (XAU/USD) outlook amid the uncertainties around geopolitics and high levels in stock markets.

Volatility to pick up as we get closer to the US elections

A change in the governing party in the US would present risks around the future of policies. Amid these economic and geopolitical tensions, equity markets are hitting a record high. This could make investors more wary about the downside risk than upside potential.

Volatility is expected to pick up as we get closer to the US elections. A risk-off scenario in equity markets will lend support to Gold prices.

Spain Current Account Balance climbed from previous €1.07B to €5.13B in January

Switzerland ZEW Survey – Expectations climbed from previous 10.2 to 11.5 in March

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