Gold headed to $ 1400 by 2018-end - ANZ

Analysts at ANZ are out with their take on the outlook for gold this year, in its latest research report published earlier today.

Key Quotes:

"Bullion prices holding at current levels in 1H 2018, before pushing toward $1,400/oz by year-end".

"While the Fed is expected to reduce balance sheet amid further interest rate hikes, these moves are already priced in".

"Outside of the US, improving economic growth should result in an environment where the US dollar underperforms".