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History suggests gold has yet to peak, inflation could drive the next leg up
Gold is in the midst of its third major bull run since 1971, and the others also saw major pullbacks, but government debt, geopolitics, the dollar and inflation will likely push prices higher during the current cycle, according to Russ Mould, investment director at AJ Bell. “Gold is up by 45% in dollar terms over the past twelve months, a gain that makes the Nikkei 225, NASDAQ Composite and Hang Seng indices look like slouches and also one that prompts the question of just how high the metal’s price can go before it starts to look bubbly,” he wrote in a recent analysis. “Sceptics who still view gold as a ... (full story)
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