- Gold Price Forecast: XAU/USD embeds a structural risk premium – ANZ
Market news
13 tháng 11 2023
Gold Price Forecast: XAU/USD embeds a structural risk premium – ANZ
Gold prices briefly hit $2,000 after Hamas’ attack on Israel before retreating recently. Economists at ANZ Bank analyze the yellow metal’s outlook.
Central bank Gold purchases to remain strong
Renewed geopolitical tensions will protect the downside in Gold prices. This is in addition to the conclusion of the US monetary tightening cycle and an imminent peak in the US Dollar.
We expect central bank Gold purchases to remain strong. Based on current pace of purchase, we upgrade our demand estimates to 1,050t from 750t for 2023 and 800t for 2024.
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