Gold: The sell-off will be short-lived – ANZ

Analysts at ANZ Bank do not think the sell-off in the yellow metal will continue and expect a recovery in the gold price.

Key quotes

“We believe the sell-off in gold will be short-lived.” 

“Negative interest rates, easy financial condition across the world and increased financial market volatility should favour gold as a risk diversifier.” 

“We expect the gold price to recover in the weeks ahead.”