fxs_header_sponsor_anchor

News

Gold Price Forecast: XAU/USD to hit $2,100 by year-end – ANZ

Economists at ANZ Bank analyze Gold (XAU/USD) outlook.

Price dip presents a buying opportunity to build fresh long positions

Strong labour data suggests the Fed needs to tightening monetary policy more to bring inflation into its target range. While this remains a short-term headwind for Gold, other factors are supportive. 

The recent price dip presents a buying opportunity to build fresh long positions.

We target $2,100 by the end of 2023.

See – Gold Price Forecast: Prospect of rising rates to weigh on XAU/USD until FOMC meeting – Commerzbank

 

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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.