Gold Price Forecast: XAU/USD to average $2,025 over the first quarter – ING

Gold prices have held above the key $2,000 level since December. Economists at ING analyze the yellow metal’s outlook.

Gold still shines on safe-haven demand

Ongoing geopolitical risk in Ukraine and the Middle East continue to provide support to Gold.

Prices hit an all-time high of $2,077.49 on 27 December 2023. Still, we believe the Federal Reserve's wait-and-see approach will keep the rally in check.

We expect prices to average $2,025 over the first quarter.

See – Gold Price Forecast: XAU/USD to trade higher this year – ING