• Gold Price Forecast: Monetary policy likely to switch to an easing bias, a boon for XAU/USD – ANZ

Noticias del mercado

5 marzo 2024

Gold Price Forecast: Monetary policy likely to switch to an easing bias, a boon for XAU/USD – ANZ

Gold (XAU/USD) has rallied above $2,100. Strategists at ANZ Bank analyze the yellow metal’s outlook. 

Investor demand rises

Gold flirted with a record high, surging above $2,100, as investors continued to pour into the safe haven asset. The uncertain economic backdrop, combined with geopolitical risks has seen investor demand rise. This comes as monetary policy likely switches to an easing bias, a boon for non-yielding assets such as Gold. 

Robust buying is emerging in the physical market, with inflows into the Gold-backed SPDR Gold Share ETF rising for the first time in nine trading sessions.

 

Enfoque del mercado
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 disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: