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

FXStreet Insights Team FXStreet

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

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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