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Gold Price Forecast: XAU/USD to soar in the coming quarters, reaching $2,000 by year-end – ANZ

Strategists at ANZ Bank are raising Gold forecasts. They see limited downside, with a 0-3 month target of $1,800. Meanwhile, they have lifted their year-end forecast by $100 to $2,000.

Upside bias remains intact

“We see the Gold price holding above $1,800 in the short-term. Any dips below this should be short-lived, as opportunistic buying would likely emerge.” 

“As the macro backdrop becomes more supportive later in the year, we see the price trending higher. We have lifted our quarterly forecasts, targeting $2,000 towards year-end.”

 

AUD/USD soars to 0.6718 amid catastrophic SVB bank collapse

AUD/USD currency pair opens the first day of a new week at 0.6575, with an intraday high of 0.6718 and a low of 0.6577. The pair trades at 0.6716 at t
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USD/CAD Price Analysis: Bearish harami candle pattern to sink prices toward 1.3500

USD/CAD drops from around daily highs of 1.3815, falls 0.90% on overall US Dollar (USD) weakness, spurred on an ongoing Regional Bank crisis in the US
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