Standard Chartered: Gold Must Build Floor Or Face Losses
Standard Chartered's Cooper states that gold needs to establish a price floor to avoid further potential losses.
Gold requires a stable price floor or it faces the risk of further losses, according to Standard Chartered's Cooper, as reported by Seeking Alpha. The assessment highlights technical pressure on the precious metal.
Market Outlook
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Market participants are closely monitoring price levels to see if the metal can defend key thresholds against ongoing downside momentum.
Key facts
- Standard Chartered's Cooper noted the outlook for gold
- The metal needs to establish a floor to prevent further losses
Source: news.google.com
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