ANZ Bank significantly raised its Gold price expectations: the target for the next three months is set at $3,100 per ounce, while the six-month expectation reaches $3,200.
According to Smart Finance APP, the latest research report released on Tuesday shows that ANZ has significantly raised its Gold price expectations: the target for the next three months is increased to $3,100 per ounce, while the six-month forecast reaches $3,200. On the same day, the international Gold price broke the $3,000 threshold for the second time this year, setting a new historical high, reflecting a surge in investor demand for safe-haven assets due to potential economic risks arising from the Trump administration's tariff policies.
The bank's Analysts pointed out that the current Gold market is supported by four major factors: the ongoing escalation of global geopolitical conflicts, the lingering shadow of the trade war, major economies maintaining loose MMF policies, and central banks accelerating their Shareholding in Gold reserves.
"With multiple Bullish factors resonating, we remain Bullish on Gold's performance." The report emphasizes that supply chain disruptions caused by tariff policies are tightening liquidity in the London spot market, with a significant flow of physical Gold into the USA, leading to an expanded price difference between NYSE Futures and London spot prices. This regional supply and demand imbalance is expected to take a long time to correct, potentially becoming a sustained driving force for increasing Silver prices.
As a traditionalsafe-haven asset, Gold has accumulated an increase of more than 14% this year, refreshing its historical peak for the 14th time this year. On Tuesday during Asian trading hours, the Gold spot market andFutures TradingThe price has once again breached the key $3000 threshold, reaching a historic peak, marking the second time in a week that the Gold price has hit this key level. Last Friday, the Gold price first broke the epic milestone of $3000 per ounce.
It is noteworthy that Silver prices have also shown a correlated upward trend. Although tariff policies impose some pressure on industrial demand, ANZ believes that industrial demand remains resilient, and investment demand will be a crucial driving force for Silver prices. The bank predicts that in the short term, Silver will fluctuate within a Range of $34-36 per ounce. As of the time of writing, spot Silver is quoted at $33.94 per ounce, slightly up 0.26%.
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