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Gold Digger: Strong inflation could pump gold price to $US8,900/oz by the end of the decade, experts say – Stockhead
If the decade was plagued by stronger inflation, a price of $US8,900 could be expected at the end of the decade, Incrementum says.
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Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz.
Thats a four month high, erasing almost all of 2021s losses. The share prices of local gold stocks have responded in kind.
Over the past month big producers Evolution Mining (ASX:EVN) +10%, Silver Lake Resources (ASX:SLR) +10%, Perseus Mining (ASX:PRU) +11%, and Gold Road Resources (ASX:GOR) +15% have all made solid gains.
This gold bull run is far from over, experts say.
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