Gold Price Forecast: Strong retail demand to continue to mitigate ETF and futures outflows in Q4 – ANZ
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Retail investments in Gold are set to cushion the downside against ETF outflows in the last quarter of the year, strategists at ANZ Bank report.
“Lower Gold prices and intensifying economic and geopolitical risk are supporting retail investment against heavy outflows in ETF and futures outflows. We expect this trend to continue, though financial investment continues to drive the price direction.”
“Strong USD and rising yields are twin headwinds for financial investment in Gold.”
“Rising recession risk could provide haven flows, but rate guidance has to turn dovish.”
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