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Gold prices come down; black gold prices go up: OCBC Bank forecasts

Broker's Calls

Gold prices come down; black gold prices go up: OCBC Bank forecasts

Jeffrey Tan Published on Tue, Jun 23, 2020 / 4:35 PM GMT+8

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SINGAPORE (June 23): As countries around the world are reopening their economies, despite the lack of a vaccine for the novel coronavirus (Covid-19), gold and crude oil prices could see contrasting movements.

On one hand, gold prices could start to falter and end the year at US$1,550 an ounce.

On the other hand, Brent crude price could continue to rise over the next six months and reach US$50 a barrel by the end of this year.

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