Banking firms such as Australia and New Zealand Banking Group (ANZ) and Goldman Sachs maintain a bullish outlook for gold, with a year-end target price as high as $5,800
Banks such as Australia and New Zealand Banking Group (ANZ) and investment banks like Goldman Sachs predict that gold may rebound in the long term, mainly driven by central bank demand, geopolitical uncertainty, and expectations that the Federal Reserve will cut interest rates. ANZ expects the gold price to reach $5,800 by year-end, while Goldman Sachs maintains a $5,400 outlook, saying that central bank gold purchases will be a support factor.
GateNews·2h ago
