Why Gold Could Reach 5,000
According to Standard Chartered's Suki Cooper, gold could potentially reach $5,000 per ounce, driven by sustained central-bank demand, geopolitical tensions, and investor diversification needs. Despite headwinds from higher yields and weak ETF positioning, gold has demonstrated price resilience and established a strong support floor that suggests further upside potential.
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Why Gold Could Reach 5,000
According to Standard Chartered's Suki Cooper, gold could potentially reach $5,000 per ounce, driven by sustained central-bank demand, geopolitical tensions, and investor diversification needs. Despite headwinds from higher yields and weak ETF positioning, gold has demonstrated price resilience and established a strong support floor that suggests further upside potential.
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