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Standard Chartered:Gold prices will return to $1,500, higher

[CatamaranFund]

Gold prices have stabilized and the next step for gold might be a return back to $1,500 an ounce, according to the latest update from Standard Chartered.Here's how gold prices will return to $1,500 and climb higher — Standard Chartered. shared by Anna Golubova (Social Media Reporter for Kitco News.)

My Takeaway...

"Despite a slight risk of prices declining to the $1,450 an ounce level first, the overall picture for gold is optimistic as investors look ready to buy more, said Standard Chartered precious metals analyst Suki Cooper.

 

 

“We continue to believe that dips towards USD 1,450/oz are still likely to be viewed as buying opportunities and expect prices to exceed USD 1,500/oz on a sustained basis in 2020,” said Cooper. “Our price forecast remains unchanged, we expect prices to average $1536/oz in 2020.”

https://www.kitco.com/news/2019-11-22/Here-s-how-gold-prices-will-return-to-1-500-and-climb-higher-Standard-Chartered.html