Over the past six months, Gold prices have risen over 3%. Economists at ANZ Bank analyze the yellow metal’s outlook.
Gold’s recent price consolidation is likely to extend till the end of Q1
Gold’s recent price consolidation is likely to extend till the end of the first quarter. However, we expect the price to rise towards $2,200 by year-end.
Upcoming elections and prospective rate cuts will support Gold investment.
Source: FXstreet
