Multiple factors support the long-term bullish trend of gold, with investment banks optimistic about its prospects

On April 10th, institutions such as ANZ Bank and Goldman Sachs stated that even if the Middle East conflict disrupts the market, gold may still rebound in the long term.
Analysts believe that resilient central bank demand, ongoing geopolitical uncertainties, expectations of Federal Reserve rate cuts, and diversification into dollar-denominated assets are all reasons for long-term bullishness.
ANZ Bank analysts Soni Kumari and Daniel Hynes stated that prices are expected to eventually rebound because the macro combination of economic growth and inflation deterioration has paved the way for central banks to resume rate cuts.
ANZ Bank maintains its outlook, predicting that gold prices will reach $5,800 by the end of the year.
The analysts wrote that central bank gold purchases are still expected to be a key support pillar, with official buying volume estimated at about 850 tons in 2026.
ANZ Bank's bullish stance aligns with…