<div id="readability-page-1"><div><p>Gold is likely to rebound in the long-term even as the Middle East war upended the market, according to banks including ANZ Banking Group Ltd. and Goldman Sachs Group Inc.</p><p>Resilient demand from central banks, continued geopolitical uncertainty, expectations for Federal Reserve rate cuts and a diversification away from dollar-denominated assets are all reasons for long term optimism, according to analysts across institutions.</p><p>Gold has fallen nearly 10%, from a January record of more than $5,500 an ounce, since the Middle East war began in February. Rising Treasury yields and a stronger dollar, alongside volatility tied to the conflict, prompted some investors to raise cash. </p><p>But analysts expect prices to eventually recover, “as the macroeconomic mix of growth and inflation deteriorate, paving the way for central banks to resume rate cuts,” ANZ analysts  and  wrote in a note Friday. ANZ maintained its outlook, forecasting bullion to hit $5,800 an ounce by year-end. </p><p>Central bank purchases are also expected to remain a key pillar of support, with official buying seen at around 850 tons in 2026, ANZ analysts wrote. ANZ’s bullish stance follows similar calls by Goldman Sachs and RBC Capital Markets Corporation earlier in March. Goldman retained its forecast of $5,400 an ounce, citing continued central bank purchases and expectations for 50 basis points of rate cuts by Federal Reserve this year. </p><p>Bullion still faces “tactical downside risks” in the short term if disruptions in the Strait of Hormuz persist, Goldman Sachs analysts  and  wrote in the note on March 31. However, the bank said a prolonged conflict could accelerate diversification away from traditional Western assets, supporting prices in the long-term.</p><p>Spot gold was trading near $4747.94 an ounce at 11:04 a.m. London time.</p></div></div>

GOEX

GLDM

<p>Gold is expected to rebound long-term despite recent market disruptions due to the Middle East war, according to banks like ANZ and Goldman Sachs. Factors such as strong central bank demand, geopolitical uncertainty, anticipated Federal Reserve rate cuts, and a shift away from dollar assets contribute to this optimism. Gold prices have dropped nearly 10% since February but are forecasted to recover, with ANZ predicting $5,800 an ounce by year-end. Goldman Sachs maintains a $5,400 forecast, citing ongoing central bank purchases. Current spot gold is trading at $4,747.94 an ounce.</p>

Bloomberg

iShares Gold Trust

GLOBAL X Gold Explorers

SPDR Gold Minishares

SD-GOLD

iShares MSCI Global Gold Miners

Gold.com

Microsectors Gold Miners 3x Leveraged ETN

EFUND GOLD MI ETF

EFUND GOLD MI-U

Agnico Eagle Mines

Direxion Daily Gold Miners Bull 2X

EFUND GOLD MI-R

ChinaAMC Gold ETF

ZHONGJIN GOLD

Roundhill Gold Miners Weeklypay ETF

Newmont

VanEck Gold Miners ETF

YieldMax Gold Miners Opt Inc Strgy ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Abrdn Gold ETF Trust

Pro Ultr GLD

Us Gbl GLD & Met

SPDR Gold Shares

Sprott JR Gold Miners ETF

VanEck Junior Gold Miners ETF

Direxion Daily Jr Gold Miners Bull 2X

Zijin Mining

Sprott GLD Miners Etf

Kinross Gold

Gold May See Long-Term Rebound Despite War Setbacks, Banks Say