Given that “FOMO” appears to be creeping into the gold market, it has become even harder to objectively value gold. In our view, gold prices seem likely to grind higher in nominal terms over the next couple of years, but the pace of the current rally will probably slow as key tailwinds to prices weaken.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services