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Home / Metal News / Standard Chartered Warns of Potential Corrections for Gold

Standard Chartered Warns of Potential Corrections for Gold

Sep 6, 2017 17:45

Source:SMM

Standard Chartered expects gold to find support, but also warns of possible corrections after big gains.

SHANGHAI, Sept. 6 (SMM) – Standard Chartered expects gold to find support, but also warns of possible corrections after big gains.

Gold will hold firm at above $1,300/oz on market anticipation that the US Fed may not be too radical in rate hike, Standard Chartered noted.

Gold will be supported by less hawkish stance of the US Fed in 2018 and 2019, the bank pointed out.

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