Standard Chartered has trimmed its gold stance to a “core holding,” anticipating a near-term consolidation in prices after this year’s sharp rally. In a note to clients, the bank said it expects gold to approach USD 3,100 per ounce over the next one to three months, reflecting a familiar pattern of pause following strong gains.
Analysts pointed to recurring behaviour since 2022, where major buyers have shown clear price sensitivity, leading to intermittent periods of sideways movement
Standard Chartered sees near-term gold consolidation, targets $3,100 before renewed rally
