ANZ aren’t anticipating gold to be a lot modified by the top of Q1

Date:


ANZ (this in short), firs what they see as draw back components:

  • The backdrop for gold is deteriorating as central banks turn into extra hawkish.

On the flip facet:

  • elevated inflation and geopolitical threat are partially offsetting the affect of tightening financial insurance policies
  • Retail investments and bodily offtake have been resilient

Projection for the weeks forward:

  • We imagine gold will commerce at $1,800/oz in direction of the top of Q1 2022

gold bars

gold bars

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related