Gold Price Forecast: XAU/USD to rise towards $2,200 by year-end – ANZ

FXStreet Insights Team FXStreet

Over the past six months, Gold prices have risen over 3%. Economists at ANZ Bank analyze the yellow metal’s outlook.

Gold’s recent price consolidation is likely to extend till the end of Q1

Gold’s recent price consolidation is likely to extend till the end of the first quarter. However, we expect the price to rise towards $2,200 by year-end.

Upcoming elections and prospective rate cuts will support Gold investment.

See – Gold Price Forecast: Fed policy will remain key to the outlook for XAU/USD in the months ahead – ING

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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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