Bank: "We raise our [Gold] price target to $2,550/oz for year end."

Why ANZ Bank Sees $2550 Gold by End of Year

Bank: "We raise our [Gold] price target to $2,550/oz for year end."

Introduction:

In a report dated August 13th from ANZ Bank, titled "Gold to Get Its Medal," The bank provides an in-depth analysis of the current and projected performance of gold as a strategic asset.

They highlight potential impacts of the U.S. Federal Reserve's upcoming interest rate cuts, central bank purchases, and global physical demand on gold prices.

With a year-end target of USD 2,550 per ounce announced, the report underscores gold's resilience and attractiveness in the face of economic and geopolitical uncertainties.