eFXdata reports that ANZ Research discusses its latest outlook for Gold.

"The US 10y Treasury yield recently pushed above 1.4%, representing its highest point since the start of the pandemic. More importantly for gold, the 30y Treasury yield has climbed 20 basis points over the past month to hit 2.18%. With policy makers still advocating immense policy support, the likelihood of bond yields falling is low. However, we now expect US inflation to hit 2.5% this year. Combined with further depreciation in the USD, we see gold’s fair value at USD2,000/oz in the second half of the year," ANZ adds.