XAU/USD Forecast: ANZ Predicts Price of Gold to Reach $2,200 by End of Year

Share:

The timing and pace of the easing cycle will be critical for the price of Gold, according to economists at ANZ Bank.

XAU/USD Forecast: Waiting for Fed’s Easing Cycle

The Gold market’s movement is closely tied to the Federal Reserve policy rate cuts. With market expectations for the first rate cut shifting from March to June, prices are expected to remain stagnant until the Fed confirms the timing and pace of its easing cycle.

Although the shift from a tightening to an easing monetary cycle is a key factor, heightened geopolitical risks, strong physical and central bank buying are expected to drive the Gold price towards $2,200 by the end of the year.

In addition, it is important to note that economic uncertainty and global market volatility may also impact the Gold price movement, especially during times of risk-off sentiment among investors.