Golden Finance reports that ANZ Bank states that under scenarios of worsening global growth prospects, a resurgence of trade tensions, diminished Federal Reserve independence, and stock market sell-offs, gold prices could break through $5,000 per ounce by 2026. In a scenario where the US economic growth outlook improves, the dollar unexpectedly appreciates, and the Federal Reserve adopts a hawkish stance, gold prices may fall back to $3,500 per ounce by 2026. (Jin10)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ANZ Bank: In a bull market scenario, gold prices could surpass $5,000 per ounce by 2026
Golden Finance reports that ANZ Bank states that under scenarios of worsening global growth prospects, a resurgence of trade tensions, diminished Federal Reserve independence, and stock market sell-offs, gold prices could break through $5,000 per ounce by 2026. In a scenario where the US economic growth outlook improves, the dollar unexpectedly appreciates, and the Federal Reserve adopts a hawkish stance, gold prices may fall back to $3,500 per ounce by 2026. (Jin10)