Standard Chartered Analyst Suki Cooper predicts that there is further upside risk given the current risk environment. Cooper said that according to Reuters, Cooper is expected to hit a further record in the second quarter.
The bank’s second-quarter gold price forecast is $3,300 per ounce.
Although gold is considered a guarantee of uncertainty, it tends to thrive in a low-interest rate environment.
HSBC’s average 2025 and 2026 gold price forecasts rose to $3,015 and $2,915 per ounce, respectively, citing geopolitical risks. Its forecast said in a note Wednesday that it was $2,687 and $2,615.
The investment bank said geopolitical risks, including the Ukrainian war and the Middle East conflict, as well as changes in U.S. foreign policy and economic uncertainty, are driving gold prices to rise. Bank of China may continue to buy gold this year, and the next year may warn of buying, but HSBC may be below the peak level of 2022-24, if the price rises, if the price is above $3,000, below $2,800, below $2,800, below $2,800,000,800.
FAQ
Q1. What is the standard chartered gold forecast?
A1. Standard Chartered Bank’s second-quarter gold price forecast is $3,300 per ounce.
Q2. Why is gold precious?
A2. Gold is considered a guarantee of uncertainty as it tends to thrive in a low interest rate environment.
