Watch Gold Could Start Climbing Toward 5,000, Says Standard Chartered's Cooper - Bloomberg
Watch Gold Could Start Climbing Toward 5,000, Says Standard Chartered's Cooper - Bloomberg
Source: Bloomberg
―
DW NOTE
Standard Chartered sees gold at $5,000 — 22% above current levels and just shy of January's $5,318 all-time high, from which gold has now fallen 23%. They're calling a rally after a seven-month drawdown in which copper has outperformed and equities have risen 20% year-over-year. The thesis presumably hinges on something reversing.