The gold price trend forecast, despite short-term selling pressure, said analysts at Australia-based bank ANZ maintain their medium to long-term bullish outlook for the metal. precious type. Daniel Hynes, senior commodity strategist at ANZ, said that while he cannot rule out a drop below $1,900 an ounce, he sees signs of solid support in the market.
While ANZ remains bullish on gold, the current lackluster environment has prompted the bank to push back on its prediction of a new record high. The Bank of Australia forecasts prices to average around $2,050 an ounce by the fourth quarter of 2023. Prices are expected to hit a new high by the end of the first quarter of 2024, with prices averaging around $2,100.
With the domestic gold price falling and the world gold price listed at Kitco at $1,891.4/ounce (equivalent to nearly 55 million dong/tael if converted at Vietcombank exchange rate, excluding taxes and fees), the difference between the gold price on August 17 in the domestic and international gold market is over 12 million dong/tael.
XAUUSD BUY 1893-1895💯
✅ TP1: 1925
✅ TP2: 1923
SL: 1888
While ANZ remains bullish on gold, the current lackluster environment has prompted the bank to push back on its prediction of a new record high. The Bank of Australia forecasts prices to average around $2,050 an ounce by the fourth quarter of 2023. Prices are expected to hit a new high by the end of the first quarter of 2024, with prices averaging around $2,100.
With the domestic gold price falling and the world gold price listed at Kitco at $1,891.4/ounce (equivalent to nearly 55 million dong/tael if converted at Vietcombank exchange rate, excluding taxes and fees), the difference between the gold price on August 17 in the domestic and international gold market is over 12 million dong/tael.
XAUUSD BUY 1893-1895💯
✅ TP1: 1925
✅ TP2: 1923
SL: 1888
