Gold Price Forecast: XAU/USD to trade towards $2,300 by the end of 2024 – ANZ

Gold prices have been scaling new highs in March. Economists at ANZ Bank analyze the yellow metal’s outlook.

A retracement looks likely in the short term

While we continue to hold our long-term positive view, a retracement looks likely in the short term. A price pull-back is an opportunity to build long positions. 

We expect Gold to trade towards $2,300 by the end of 2024.

See – Gold Price Forecast: Push back in rate cut expectations from March to June may cap XAU/USD rally – ANZ