Standard Chartered PB: Current recovery in gold indicates further gains

1 November 2018 | 1 minute read

Standard Chartered Private Bank believes that the recent rally in gold — with prices breaking through the US$1,210-1,215/oz resistance level — will retain momentum, driving the price even higher. “The short-term momentum is solid, and we expect resistance at US$1,240/oz could be broken, taking gold higher. Support at the US$1,215/oz area should hold if the rally continues,” the bank said….

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