Gold Price Forecast: XAU/USD to hit $2,100 by year-end – ANZ

Economists at ANZ Bank analyze Gold (XAU/USD) outlook.

Price dip presents a buying opportunity to build fresh long positions

Strong labour data suggests the Fed needs to tightening monetary policy more to bring inflation into its target range. While this remains a short-term headwind for Gold, other factors are supportive. 

The recent price dip presents a buying opportunity to build fresh long positions.

We target $2,100 by the end of 2023.

See – Gold Price Forecast: Prospect of rising rates to weigh on XAU/USD until FOMC meeting – Commerzbank