While the stonking rally in gold prices earlier this year was at odds with traditional market drivers, the latest leg up in gold prices – which saw the nominal price reach yet another fresh record high this week – bears the hallmarks of a return to normal service. Looking ahead, there is no shortage of factors to suggest that gold prices will remain well supported over the coming years. But in a similar vein to people questioning whether Nvidia shares are “priced to perfection”, it’s not unjustified to consider how far and how quickly gold prices could fall were geopolitical risks to ease.
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