1 hour ago
ANZ raises 6-month gold forecast to $3,200 an ounce
On Tuesday, gold prices exceeded the significant $3,000 per ounce mark for the second time, reaching a new record high. This reflects investors' efforts to mitigate the impact of US President Donald Trump's tariff policies, according to Reuters.
ANZ Financial Group maintains a bullish outlook on gold, driven by rising geopolitical instability and substantial gold buying by global central banks.
According to a research note, the organization has raised its gold price forecast to $3,100 per ounce for the zero-to-three-month period and to $3,200 per ounce for the up to six-month period.
Gold is traditionally considered a safe-haven asset during periods of global economic uncertainty. This year, gold prices have increased by more than 14%, reaching record highs 14 times, ANZ notes.
Recommended
Yesterday at 10:51 AM
World's top banks expect new record highs for gold – Bloomberg
Yesterday at 7:20 AM
Gold price hits record high as safe-haven demand rises
Yesterday at 5:02 AM
Bloomberg: geopolitical instability could push gold price to new highs in 2025
17 March
RBC Global Mining Equities lifted its gold price forecast for coming years
17 March
Top news
Today at 4:49 AM
Today at 2:46 AM
Yesterday at 10:58 AM
Yesterday at 10:51 AM