ANZ sees gold hitting $5,800 an ounce in the second quarter

Core Viewpoint - ANZ forecasts a significant rally in gold prices, projecting an increase to $5,800 per ounce, driven by various market factors [1][3]. Group 1: Price Forecast - ANZ anticipates that gold prices will extend to $5,800, indicating a bullish outlook for the precious metal [1][3]. Group 2: Market Drivers - The report suggests that the rally in gold prices is influenced by economic uncertainties and inflationary pressures, which typically drive investors towards safe-haven assets like gold [1][3].