There is now ample scope for some big moves in the price of gold in both directions in the coming years. If the crisis in Europe is indeed past its worst and the US economy improves enough to allow the Fed to start preparing to raise interest rates, gold might be back at $1,000 per ounce before too long. But even though we are lowering our forecasts a little, we still expect gold to climb to reach a new record high of $2,200 as fears of EMU break-up surge again and US monetary policy has to remain supportive.
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