Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

3rd Quarter | 2021

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

Last week, gold prices remained above the 50-day moving average. The metal closed the week at $1,782.90 per ounce.

According to Bloomberg, gold could join the surge commodities are experiencing due to supply-chain troubles—though gold’s ascent would be for different reasons.

Former chiefs of Goldcorp, David Garofalo and Rob McEwen “predict investors will catch on soon that global inflationary pressures are less transitory and more intense than central bankers and consumers price indexes suggest,” Bloomberg reports. “When that realization sets in, gold's inflation-protection appeal probably will send prices to $3,000 an ounce, from about $1,800 now, according to Garofalo.”

This potential run-up in gold prices could present a buying opportunity for gold now.

Rick Andrews is president of Avant Capital Management.                                                                                                         



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