Gold Price Forecast: XAU/USD eyes further upside potential amid geopolitical instability – ANZ Gold XAUUSD Ukraine Fed Banks
Gold remains an effective hedge against geopolitical uncertainty
“The broader isolation of Russia will see a structural shift in the energy sector, which will be inflationary. There is also a higher risk of weaker economic growth . This should create a positive backdrop for investor demand. As such, we see the gold price staying above $1,900/oz, despite the prospects of an aggressive rate hike cycle by the Fed.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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