British multinational bank Standard Chartered has underlined the widespread bullish sentiment for gold, stating this week that it foresees new record highs to be achieved within just a few weeks.
Calling for spiking prices in quarter two, the bank says the numerous supportive factors for gold will continue to drive the precious metal forwards at pace over the next few weeks. Suki Cooper, a precious metals analyst at Standard Chartered said, “We believe the price risk remains upwards” thanks to the recurring themes of inflationary expectations, US dollar performance and continuing fiscal stimulus combined with low real interest rates and doveish monetary policies.
With quarter two rapidly bearing down on us, now is the time to prepare for the spike by acting quickly to invest. Buy now.