Gold price to return to $2,000 in just a couple of months – Standard Chartered

Despite some short-term obstacles, gold will return to its peak of $2,000 an ounce in the next couple of months, according to Standard Chartered. In November, gold was oversold, with prices falling well below $1,800 an ounce. November also saw the largest outflows of exchange-traded products (ETP) since November 2016. “Provisional estimates imply net outflows of 112t in November. [This] suggest[s] that net redemptions were the largest since November 2016, the last U.S. election,” said Standard Chartered precious metals analyst Suki Cooper. “If outflows continue at the current pace, December would mark the ... (full story)