ANZ forecasts for gold and silver:
- gold to peak at US$4600 by June 2026
- gold to US$4400 by year end 2025
- see the potential for lower in H2 of 2026 as the US Federal Reserve concludes its easing cycle
- silver to peak at US$57.50 by June 2026
ANZ:
- Mounting concerns around the Fed's independence, political uncertainty, trade tariffs, geopolitical tensions, and ballooning debts will continue to keep strategic investment interest strong for gold
- ANZ cautions that a hawkish Fed stance and stronger-than-expected U.S. economic growth could pose downside risks
