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Standard Chartered Bank stated that the traditional negative correlation between gold and real interest rates is weakening, and it is expected that the average price of gold will reach $4650 in the fourth quarter of 2026, higher than the average price of about $4350 in the third quarter. Sukey Cooper, Global Head of Commodity Research at Standard Chartered Bank, stated that de dollarization, currency depreciation, and official sector purchases provided support, resulting in a gold ETF inflow of 121 tons in August. Standard Chartered Bank believes that the US dollar is the main short-term risk for gold, and if the US dollar strengthens, it will put pressure on gold prices.