By NewsBlogger Gold prices have been reacting to recent economic data releases, with fluctuations seen in the market. This led to analysis from ANZ Bank and Commerzbank economists on the future outlook of gold prices.
At a glance
- Gold prices reacting to recent economic data releases
- ANZ Bank economists foresee gold reaching $2,250 target in second quarter
- Gold prices decreased after higher-than-expected US PPI release
- Commerzbank economists analyzing the outlook for gold
- Market influenced by economic indicators and expert analysis
The details
Gold prices have been reacting to recent economic data releases, with fluctuations seen in the market.
Following a higher-than-expected US Producer Price Index (PPI) release, gold prices experienced a decrease.
ANZ Bank economists’ outlook on gold
ANZ Bank economists are closely examining the outlook for gold, specifically focusing on the future prospects of yellow metals.
In March, gold prices reached new highs, leading ANZ Bank economists to believe that gold is well-positioned to reach a $2,250 target in the second quarter.
In addition, gold prices briefly dropped after stronger-than-expected US inflation data was released.
Commerzbank economists analysis
Commerzbank economists are also analyzing the outlook for gold in light of these recent developments.
A combination of economic indicators and expert analysis from leading financial institutions is currently influencing the gold market.
Investors and analysts are paying close attention to these factors in order to determine the future trajectory of gold prices.
The market remains dynamic as experts continue to assess the impact of economic data releases on gold prices.
Article X-ray
Sources
Here are all the sources used to create this article:
- Gold Price Forecast: Investors will watch Fed’s pivot to easing monetary policy before adding XAU/USD – ANZ
- Gold Price Forecast: XAU/USD year-end forecast upgraded to $2,300 from $2,200 – ANZ
- Gold Price Forecast: XAU/USD could retest recent highs following the US sentiment indicators – Commerzbank
Facts attribution
This section links each of the article’s facts back to its original source.
If you suspect false information in the article, you can use this section to investigate where it came from.
| fxstreet.com |
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| – Gold prices decreased after higher-than-expected US PPI release – Economists at ANZ Bank are analyzing the outlook for gold – The analysis is focused on the yellow metal’s future prospects |
| fxstreet.com |
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| – Gold price has been reaching new highs in March – Economists at ANZ Bank are analyzing the outlook for gold – ANZ Bank economists believe gold is well positioned to hit a $2,250 target in Q2 |
| fxstreet.com |
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| – Gold prices briefly fell after stronger-than-expected US inflation data – Economists at Commerzbank are analyzing the outlook for gold |
