Standard Chartered: Maintains overweight rating on gold, lowers target prices to $5,200 and $5,500
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⑴ The Standard Chartered Wealth Management Global Chief Investment Officer's Office has released its May global market outlook, maintaining an overweight rating on gold, but lowering the 3-month and 12-month target prices to $5,200 and $5,500 per ounce, respectively. ⑵ At the same time, considering that full capacity restoration will take time, Standard Chartered has raised its 3-month New York oil futures price forecast to $80-90 per barrel and its 12-month forecast to $70 per barrel.
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