Video | Standard Chartered Bank: Gold Price Has Bottomed Out, Expected to Revisit $5,000 Level

HSBC Bank analyst Suki Cooper stated in an interview with Bloomberg that despite being in the current seasonal lull for gold demand and facing some pressure from ETF holdings, the gold price remains steady around $4000, indicating that the market bottom has been validated multiple times. She expects the average gold price in the third quarter to be around $4200 and to rise to $4650 in the fourth quarter, with a potential retest of the $5000 level. However, she believes that this upward trend will not be as rapid as earlier in the year, but rather a slow and steady process.