ANZ gold target revised higher to $2,300


graphic imate of $2300 gold price“There is no doubt that the backdrop remains highly constructive, with negative real yields for the foreseeable future. We have subsequently revised up our 6-to-12-month target to $2,300/oz. Even so, we are mindful that if economic sentiment improves in coming quarters, the hurdle for continued growth in investor demand may make the path to this level an arduous one.”

USAGOLD note:  DownUnder’s ANZ Banking Group joins the $2300 gold club along with Goldman Sachs, Citibank and Union Bank Switzerland.
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