FXStreet notes that gold (XAU/USD) continues to benefit from the reduced haven demand for the US dollar and strategists at ANZ Bank forecast the yellow metal reaching the $2,300 level at the beginning of 2021.
“Ample money supply, lower interest rates and macro uncertainty should support gold investment.”
| Raw materials | Closed | Change, % |
|---|---|---|
| Brent | 43.08 | 3.14 |
| Silver | 23.79 | 0.04 |
| Gold | 1893.356 | 0.31 |
| Palladium | 2378.28 | 1.2 |