Price moves in the yellow metal have largely been determined by weakness in the dollar this year, but the greenback alone can’t account for gold’s enduring attraction among investors. Plunging Treasury yields, recession fears and rising inflation expectations are also contributing to a buoyant market for gold. Here we’ll discuss the likelihood that a combination of these factors will boost gold prices even further in the months ahead. We’ll also take a look at the improving outlook for gold mining stocks.
In previous reports, I’ve made the case that one of the prime catalysts for