Coinworld news, ME News report, March 12 (UTC+8): ANZ Bank strategists Soni Kumari and Daniel Hynes believe that the recent decline in gold prices may only be temporary. In their report, they stated that although the US dollar has rebounded due to its safe-haven status, this strength may be short-lived since the currency remains overvalued. They pointed out that the Federal Reserve is also unlikely to reverse its monetary policy stance, as the anti-inflation trend remains intact. Although rising oil prices increase the possibility of inflation pressures re-emerging, they expect this to be temporary. ANZ Bank's base case scenario is that the Federal Reserve's policy rate will decline to 3.0% by the end of December. They added that lower interest rates and a weaker US dollar should support investment inflows into the gold market.