31.05.2025 16:40
One of the leading financial companies in the UK, Standard Chartered, has made a new prediction regarding gold prices. The company forecasts that gold could reach $3,100 in the coming months and may reach $3,500 within 12 months.
The British financial giant Standard Chartered made striking predictions regarding gold prices in an information note sent to its clients. The bank expects the price of gold per ounce to approach $3,100 within the next 1-3 months. This expectation is based on technical pause patterns that have emerged after sharp increases.
CENTRAL BANKS ARE TAKING ACTION
According to the financial institution, the renewed accelerating demand for gold from central banks will be decisive for prices. It is predicted that gold could reach $3,500 in the next 12 months. This indicates that gold is once again positioned as the safest haven in global markets.
A HISTORICAL RECORD WAS BROKEN IN APRIL
The price of gold per ounce soared to $3,500 in April due to the trade tensions between the US and China. This figure was recorded as a new peak in the history of gold. However, this peak could not be sustained for long.
TARIFF NEWS PULLED PRICES BACK
Gold, which closed the previous week at $3,357, began to decline following the news of the US-EU tariff agreement over the weekend. The US announced that the tariff, which was set to take effect on June 1, has been postponed to July 9, 2025. This postponement has increased uncertainty and instability in global markets.
WHAT DO TECHNICAL LEVELS SAY?
Analysts indicate that $3,284 is a support level. If this level is broken, a pullback to the range of $3,266-$3,251 may occur. The upward resistance points are highlighted as $3,316 and $3,335.
NOTE: THIS NEWS CONTENT IS NOT INVESTMENT ADVICE