Gold Price Forecast: XAU/USD to average above $2,000 over 2024 – ANZ

Gold (XAU/USD) is likely to benefit from the transition from tightening to easing, with sustained macroeconomic and geopolitical uncertainties in 2024, analysts at ANZ Bank say.

Time to shine

Gold is set to benefit from easing monetary policy, elevated geopolitical risks and strong central bank buying. 

Given the low investor allocation to the sector, any rebound in investment demand will be a powerful tailwind.

We expect Gold prices to average above $2,000 over 2024.

See – Gold Price Forecast: XAU/USD likely to see data-driven volatility as $2,200 Q2 target is in sight – TDS