Gold to reach $2,300 early next year – ANZ

Gold (XAU/USD) continues to benefit from the reduced haven demand for the US dollar and strategists at ANZ Bank forecast the yellow metal reaching the $2,300 level at the beginning of 2021. 

Key quotes

“Ample money supply, lower interest rates and macro uncertainty should support gold investment.” 

“Physical demand is recovering, so we see the gold price reaching $2,300/oz early next year.”