Gold Price Forecast: XAU/USD to remain elevated amid geopolitical concerns – ANZ
|Gold is benefitting from safe-haven investment flows. As economists at ANZ Bank note, the Ukrainian conflict could enhance the safe-haven appeal of gold investments.
Impact of a stronger dollar to be muted
“Heightened geopolitical and economic risk are keeping the backdrop increasingly supportive in the short-term.”
“The impact of Fed rate hikes and a stronger dollar will be limited in the short-term.”
“Higher gold prices could weaken physical offtake in the Asian market.”
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