- Analytics
- News and Tools
- Market News
- Gold Price Forecast: XAU/USD to hit $2,050 towards year-end – ANZ
Gold Price Forecast: XAU/USD to hit $2,050 towards year-end – ANZ
Gold is supported by weaker USD and easing inflationary pressures. Economists at ANZ Bank forecast XAU/USD at $2,050 by the end of the year.
Silver to outperform Gold in a rising price environment
“We believe US recessionary fears, easing inflationary pressure and dovish monetary policy will drive Gold’s performance.”
“The macro backdrop will also remain supportive, so any price dips should be short lived, prompting opportunistic buying. We target gold at $2,050 towards year-end.”
“We expect Silver to outperform Gold in a rising price environment.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
