Gold Price Forecast: XAUUSD to bounce higher towards the $1,900 level – ANZ

Gold trades slightly aboe the $1,810 mark. Economists at ANZ Bank expect the yellow metal to find suppor at current levels and move toward $1,900.

Equity market weakness and ongoing geopolitical uncertainty to support investor demand

“Rising expectations of aggressive rate hikes and a stronger dollar are headwinds for gold. Still, equity market weakness and ongoing geopolitical uncertainty should support investor demand.”

“We expect gold to find its floor near current levels, with upside potential of $1,900/oz.”