News Snapshot:
Key View - Since April, gold prices have been rising and we believe there is further upside in the next few months as inflationary pressures remain elevated and pressure real bond yields, while the US dollar remains weak and multiple countries grapple with resurgent waves of the Covid-19 infection. - We believe this is a temporary phenomenon as gold prices will trend lower on a six-to-twelve-month horizon and average lower in 2022 given our expectations for real bond yields to rise as the economic recovery remains in play and inflation eases, as well as progress on the vaccination front, which...