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Gold surge could see price push past $US3000 – The Australian Financial Review
Gold rose to a fresh record high on Wednesday after surging past the $US2000 mark, leading analysts to predict a move to $US3000 is likely in the next 18 months.
Mr Shaw said that part of the bull case for gold was playing out in the resurgence of COVID-19 infections, causing activity to stall. “That also means the enormous amount of fiscal and monetary stimulus is likely to remain in place for longer.”
Increased savings rates, declining productivity, rising public debt and falling real interest rates have exacerbated that. As inflation-adjusted or real rates fall, gold becomes a comparatively more attractive asset to hold.
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