Gold Price Forecast: XAU/USD to remain above $1,900 this year – ANZ Gold XAUUSD Banks Metals
is trading in a relatively tight range near $1,920. In the view of strategists at ANZ Bank, the impact of a stronger dollar is set to be muted as geopolitics dominate the market. Subsequently, gold price is expected to stay above the $1,900 level throughout the year.“Geopolitical risk continues to remain the key price driver, which would see strong appetite for safe-haven demand.”
“Record low real-yield and emerging risk of slowing economic growth should encourage investors to invest in gold as a risk diversifier.”“We expect gold prices to remain above $1,900/oz this year.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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