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Banking Giant’s Perspective on Gold
The safe haven asset gold is reflecting the customs tariffs imposed by US President Donald Trump and the increasing geopolitical tensions in the Middle East. Reaching an all-time high of $3,015 as of today, gold has strengthened investors’ demand for a safe haven.
ANZ: GEOPOLITICAL RISKS AND CENTRAL BANKS SUPPORTING GOLD
In a market analysis published by ANZ Bank, it was noted that global uncertainties continue to increase demand for gold. In this environment, Australia and New Zealand Banking Group (ANZ) raised its gold forecast in a research note released today. The bank increased its 0-3 month gold price forecast to $3,100 per ounce, and its 6-month forecast to $3,200 per ounce.
