Gold may reach $5,100 by mid-2027
Standard Chartered forecasts gold at $5,100 per ounce and the S&P 500 at 7,950 by mid-2027.
The bank’s outlook implies further upside for gold from current levels, driven by its preference for the metal as a diversifier.
The S&P 500 target is seen as constructive but not aggressive, given the 12% gain already posted by global equities in the first half.
The bank’s base case remains a soft-landing macro scenario, with recession and stagflation risks reduced by softer energy prices.