ANZ Says Gold Remains The Ultimate Insurance Policy as Prices Set to Reach $5,800 in Q2, Supported by Fed Rate Cuts

ANZ Says Gold Remains The Ultimate Insurance Policy as Prices Set to Reach $5,800 in Q2, Supported by Fed Rate Cuts

ANZ commodity analysts said in a recent research note to clients that, although recent volatility in gold prices has raised questions about whether the record rally has peaked, they believe it has further room for growth and is unlikely to reverse anytime soon. The major bank has boosted its price target for gold to $5,800 per ounce in Q2 2026, up from $5,400 earlier. It also believes gold remains the ultimate insurance policy amid a bleak macro…