As gold hits lowest level of year, Standard Chartered predicts prices will rally through 2020 via (CNBCFuturesNow and StephLandsman)
div > div.group > p:first-child"> With gold prices sinking to 2019's lowest level last Thursday, Standard Chartered's Suki Cooper believes they're closing in on oversold territory.
"The Fed will be on hold in 2019 [and] 2020 as it prepares its tools for the next downturn which is likely to come in 2021," the firm's executive director of precious metals research told CNBC's"Futures Now." "Investor positioning and prices actually were range bound for a short while before they lifted higher say six months later," Cooper said."The trend that we're seeing at the moment isn't dissimilar to what we've seen in the past."
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