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Standard Chartered sees gold at $5,100 and S&P at 7,950 by mid-2027
The $5,100 gold target is the most striking single number in the outlook and, set against a mid-2027 timeframe, implies meaningful further upside from current levels; the bank's characterisation of gold as its preferred diversifier signals a structural rather than tactical allocation call. The S&P 500 target of 7,950 is constructive but not aggressive given the 12% gain already posted by global equities in the first half, and the soft-landing framing suggests the bank sees the earnings backdrop holding rather than deteriorating. The preference for emerging market dollar-denominated bonds over developed market ... (full story)