StanChart Bank's Zheng Zifeng: expects gold to remain "hovering at high levels," bullish on the performance of listed gold mining stocks.

StanChart Bank's Chief Investment Officer for North Asia, Zheng Zifeng, wrote today that with multiple factors such as fiscal, monetary, geopolitical, and exchange rates driving it, gold is expected to maintain a "high hovering" trend in the future. He considers any price pullback as a "buying opportunity at a low point", with technical support at $3500 and resistance at around $3760. He also has a positive outlook on the performance of listed gold mining stocks. With the bullish prospects for gold prices and increasing market interest in gold mining stocks, this will help improve the profit prospects of these companies and boost their valuations.