According to ANZ, there is a prediction that strategic buying will start to appear at the price level of $1,850 for XAUUSD, with the current price being at $1,873.46.

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XAUUSD Chart by TradingView

Gold has hit its lowest levels since March. Economists at ANZ Bank analyze the yellow metal’s outlook.

See – Gold Price Forecast: XAU/USD could drop into the low $1,800s – TDS

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