What drives the gold price today for investors in Germany?

Main drivers are interest rate expectations, the US dollar, and risk sentiment. Fed cuts tend to lift gold by lowering real yields. EURUSD also affects your local quote. Geopolitics can add a safety bid. Watch key levels and headlines together to guide timing.

What is the latest ANZ gold forecast and why does it matter?

ANZ lifted its Q2 target to $5,800, citing likely Fed cuts, geopolitics, and renewed institutional demand. It matters because it aligns with a constructive technical setup. Use it as a scenario, not a guarantee, and manage trades around your own risk rules and time frame.

What breakout level should I watch and what are the targets?

Technicians focus on a decisive daily close above $5,090. That opens the path toward $5,500 and then $5,800, with a possible stretch to $6,000. Many plan adds only after confirmation, not on spikes. This is the core gold breakout 5500 roadmap investors monitor.

Do SPDR Gold ETF inflows affect the gold price today?

Yes. SPDR Gold ETF inflows often signal improving sentiment and can support spot prices by adding sustained demand. Flows can be noisy week to week, so focus on trend direction. Combine flow data with price action near $5,090 and $4,800 to refine entries and exits.

Global Market Insights

Gold Today, February 23: ANZ lifts Q2 target to $5,800; breakout setup

ByHuzaifa Zahoor February 23, 2026February 23, 2026

Gold price today sits at a key point for German investors after ANZ raised its Q2 target to $5,800. The bank cites likely Fed rate cuts, geopolitics, and fresh institutional demand. Technicians track a clean breakout above $5,090 with room toward $5,500 to $6,000, while $4,800 remains strong support. ETF holdings have turned higher again, which supports dip buying. We explain what this setup means for EUR-based portfolios and how to plan entries, exits, and risk.