22 December 2022 | Other

ANZ: Inflation and weak dollar are positive for gold

Inflation in the United States, which turned out to be lower than expected, is putting pressure on the U.S. currency. According to economists at ANZ Bank, along with falling real yields, this has helped gold prices to reach the value of $1,800 an ounce again.  

According to the bank, a slowdown in inflation led to a sell-off in the U.S. dollar, which in turn has helped gold to strengthen. Meanwhile, falling U.S. real yields from a recent high has allowed to reduce opportunity costs for gold holders. At the same time, one should not expect the Federal Reserve to take a less tough stance in the near future, as the inflation rate is well above the Fed's target of 2%.

Despite the fact that higher prices were driven by demand for gold among speculative investors, it also was noted in the bank that there were no strategic purchases from gold ETFs. The decline in the spot premium in October indicates a weakening of physical demand recently. Nevertheless, central banks continue to officially purchase the yellow metal.

Company MarketCheese
Period: 06.02.2026 Expectation: 4500 pips
Silver must test $103 to confirm exit from channel
Today at 11:48 AM 7
Period: 02.02.2026 Expectation: 4300 pips
SPX rallies into Magnificent Seven earnings and Fed policy
Today at 11:44 AM 11
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 28.02.2026 Expectation: 900 pips
GBPUSD selloff down to 1.3570
Today at 11:18 AM 11
Brent sell
Period: 15.02.2026 Expectation: 50 pips
Selling Brent crude down to $65.5
Today at 09:58 AM 11
Gold buy
Period: 02.02.2026 Expectation: 14000 pips
Gold sets bar even higher due to intensified safe-haven demand
Today at 08:57 AM 21
Period: 30.01.2026 Expectation: 600 pips
AUDCAD trend holds firm on upbeat Australian reports
23 January 2026 69
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Go to forecasts