Comments from ANZ on what they expect for gold:
- Gold's upside looks constrained amid rising yield and buoyant risky assets. However, a weaker US dollar, stimulus expectations and depressed real interest rates should remain supportive. Talks around tapering asset purchases will be the key headwind developing later this year.
Forecasts for 2021:
- March $1950
- June $2100
- September $2000
- December $1900
