Gold rebounds tentatively after Friday reversal. ANZ eyes $2500

Gold prices rebounded on Monday, following a steep decline on Friday. The reversal came as investors sought safe-haven assets amid growing concerns over the global economy.

ANZ analysts are eyeing a potential price target of $2500 for gold, as uncertainty and volatility continue to drive demand for the precious metal.

The rebound in gold prices reflects the ongoing market volatility and the increasing appeal of safe-haven assets. As geopolitical tensions and economic uncertainty persist, gold is likely to remain in focus as a key investment option.