Gold Price Forecast: Improved risk appetite unlikely to deter further inflows into XAU/USD – ANZ

Gold breached $2,000 as investors continued to increase their exposure to the precious metal. Improved risk appetite should not dissuade investors to place bets on the yellow metal, in the view of strategists at ANZ Bank. 

Any dovish Fed commentary to support Gold

“Improved risk appetite should see gains across the sector. This isn’t expected to deter further inflows into Gold.” 

“Despite banking regulators rushing to shore up market confidence, the uncertain macro backdrop continues to entice buying.”

“All eyes now shift to the Fed’s two-day meeting. Any dovish commentary should help support the precious metals sector.”