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Gold prices to average Q4 around $3,700 after breakout rally - Standard Chartered’s Suki Cooper
Gold’s breakout rally above $3,500 an ounce has pushed the market into overbought territory; however, prices still have room to move higher as uncertainty continues to dominate sentiment in the global marketplace, according to one market analyst. In her latest gold report, Suki Cooper, Head of Commodities Research at Standard Chartered Bank, said she expects gold prices to average around $3,700 an ounce in the fourth quarter. “The most recent run over the past week has been fuelled by a cacophony of factors, including continued uncertainty around tariffs, expectations of monetary easing, growing U.S. debt ... (full story)
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