Sept 10 (Reuters) - ANZ Group on Wednesday raised its year-end gold price forecast to $3,800 per ounce and said prices could peak near $4,000 by June next year, citing robust investment demand for bullion.

Spot gold hit a record high of $3,673.95 on Tuesday and gold is up 38% year-to-date, driven by a weaker dollar, strong central bank purchases, dovish monetary policies, and rising global uncertainty.

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Greenback-priced bullion, which yields no interest and is often considered as a safe-haven asset during periods of economic and geopolitical uncertainty, typically performs well in a low-interest-rate environment.

The following is a list of the latest forecasts for 2025 and 2026 gold prices (in $ per ounce):

*end-of-period forecasts

https://www.reuters.com/markets/commodities/anz-raises-year-end-gold-forecast-3800-per-ounce-2025-04-03/