ANZ revises gold price forecast, now sees gold hitting USD 5,800/oz in Q2 vs. previous forecast of USD 5,400/oz
ANZ's upward revision of its gold price forecast suggests increasing bullish sentiment towards gold, driven by potential factors such as inflation concerns or geopolitical instability.
China's sovereign wealth fund plans to increase investments in emerging markets, according to PBoC-backed Financial News
Otsuka Holdings (4578 JT) FY25 (JPY) net 363.2bln (prev. 343.1bln Y/Y), rev. 2.47tln (prev. 2.33tln Y/Y), Co. announces JPY 50bln stock buyback
ANZ revises gold price forecast, now sees gold hitting USD 5,800/oz in Q2 vs. previous forecast of USD 5,400/oz
ENEOS (5020 JT) 9-month (JPY) net 129.2bln (prev. 170.7bln Y/Y), rev. 8.7tln (prev. 9.1tln Y/Y)
Thailand's PM Anutin is reported to invite former PM Thaksin's Pheu Thai party into a coalition
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The adjustment from USD 5,400 to USD 5,800 per ounce indicates that the bank anticipates stronger demand or lower supply, which could also affect currency valuations, particularly the USD, as gold often moves inverse to the dollar. Traders should consider how this may influence their positions in gold and related assets in the context of broader market dynamics.
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