Finance

ANZ Bank Economists Announce their Gold Price Forecasts!

Gold prices are in a downtrend at the time of writing and are trying to hold $1,800. Economists at ANZ Bank, on the other hand, interpret the market and point to important developments. Let’s examine the predictions of ANZ Bank economists together…

(mtag101702)

ANZ Bank economists: This leaves room for a rise for gold prices

(mtag101702)

Macro space for gold prices is being challenged by financial tightening concerns. Still, negative real returns and rising inflation should offset these headwinds, according to economists at ANZ Bank. According to ANZ Bank economists, XAU/USD will find reinforcements from negative real returns and inflation concerns. Let’s examine the predictions of ANZ Bank economists:

(mtag101702)

Macro space for gold is challenged by concerns about fiscal tightening. But negative real returns and rising inflation should offset these headwinds. Negative real returns seem to be driving gold prices against a stronger USD. We expect the US dollar to weaken as other central banks raise interest rates. Inflows in gold and silver-backed ETFs are steady as talk of financial tightening increases. Lean speculative positioning in both gold and silver leaves room for price increase. Physical demand is recovering after India’s slump hit by a second wave of COVID-19.

(mtag101702)

Cryptocoin. com, for more gold price assumptions, “3 Analysts: Get Ready For These Levels Next Week For Gold Prices!” You can review our article.

(mtag101702)

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button