Retail demand to drive next leg up in bullion, StanChart says
HSBC sees year-end prices at $1,555/oz, end-2020 at $1,605
The next push in gold prices will come from retail investors as risks remain skewed to the upside, according to Standard Chartered Bank.
Having already rallied to the highest in more than six years, bullion will still benefit from safe haven flows, according to Suki Cooper, precious metals analyst at the bank. Prices will average $1,510 an ounce in the fourth quarter of 2019 and $1,570 in the same period next year, she said.
