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  • Gold price to hit $1850 before tanking through next year and beyond - ANZ
Ekonomické zprávy
13.10.2021

Gold price to hit $1850 before tanking through next year and beyond - ANZ

FXStreet reports that strategists at ANZ Bank expect gold price (XAU/USD) to reach $1850 but to suffer a reverse back lower in the next year and beyond.

“Supportive factors for gold are waning with Fed tapering drawing closer. That said, risk around slower growth against higher inflation still sees a sustained strategic allocation to gold amid prevailing low rates backdrop.”

“We expect gold prices to reach $1850/oz before retreating through next year and beyond.”

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