TechFlow, October 16 — According to Jinshi Data, ANZ Research forecasts that spot gold prices will rise to USD 4,400 by the end of 2025 and reach a peak of USD 4,600 by June 2026. However, as the Federal Reserve ends its easing cycle, gold may see lower gains in the second half of 2026. Additionally, spot silver is expected to peak at USD 57.50 by June 2026. Rising concerns over the Fed's independence, political uncertainty, trade tensions, geopolitical strains, and ballooning debt will continue to support strategic investment interest in gold. ANZ warns that a hawkish stance by the Fed and stronger-than-expected U.S. economic growth could pose downside risks to gold.
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