GOLD PRICE FORECAST: XAU/USD YEAR-END FORECAST UPGRADED TO $2,300 FROM $2,200 – ANZ

Gold price has been scaling new highs in March. Economists at ANZ Bank analyze the yellow metal’s outlook.

Lifting the baseline of the Gold price range

While we continue to hold our long-term positive view, a retracement looks likely in the short term. A price pull-back is an opportunity to build long positions. 

As the recent rise requires a lift of the price baseline, we upgrade our year-end forecast to $2,300 from $2,200