Standard Chartered PB: Gold to benefit from near-term equity market pullback

28 November 2019 | 1 minute read

Following the strong gain year to date, gold fell back to an important technical retracement low at US$1,445, but Standard Chartered Private Bank expects the gold price to rebound. “We expect the safe-haven metal to attempt another rally from current levels on a weakening USD, rising US political uncertainty, and geopolitical risks,” the private bank said. “Recently reduced short-term speculative…

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