The banking giant ANZ has revised its forecasts for gold.

18.03.2025 16:40

The Australia and New Zealand Banking Group (ANZ) has announced its new forecasts for gold prices. The bank had to update its predictions due to fluctuations in gold prices and the impact of global economic uncertainties. It is estimated that by the end of the year, the price of gold per ounce will reach 3,200 dollars.

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The U.S. President Donald Trump's tariffs and the increasing geopolitical tensions in the Middle East are reflected in the safe haven. As of today, gold has surpassed the $3,015 level, reaching an all-time high, strengthening investors' demand for safe havens.

ANZ: GEOPOLITICAL RISKS AND CENTRAL BANKS SUPPORT GOLD

In the market analysis published by ANZ Bank, it was stated that global uncertainties continue to increase the demand for gold. In this environment, the Australia and New Zealand Banking Group (ANZ) raised its gold forecast in a research note published 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.

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The banking giant ANZ has revised its forecasts for gold.

ANZ: GEOPOLITICAL RISKS AND CENTRAL BANKS SUPPORT GOLD

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