Comments from ANZ on what they expect for gold:

  • Gold's upside looks constrained amid rising yield and buoyant risky assets. However, a weaker US dollar, stimulus expectations and depressed real interest rates should remain supportive. Talks around tapering asset purchases will be the key headwind developing later this year.

Forecasts for 2021:

  • March $1950
  • June $2100
  • September $2000
  • December $1900