ANZ analysis be aware yesterday, analysts see sturdy demand for gold:
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“Assuming the present tempo of shopping for continues, we improve our
demand estimates to 1,050t from 750t for 2023 and 800t for
2024” - “The latest rally has been underpinned by a robust surge in investor demand, because the spectre of decrease charges has been joined by sturdy safe-haven shopping for amid elevated geopolitical dangers and an unsure financial backdrop,”
ANZ keep constructive for the long run in gold, forecasting the value averaging greater than USD2000 in 2024:
This text was written by Eamonn Sheridan at www.forexlive.com.
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