The recent partial recovery in the price of gold reflects a range of positives. Some of these should be sustained, notably the growing recognition that US monetary conditions will remain loose even after the Fed scales back its asset purchases. Households and central banks in emerging economies should provide more support for gold too. Nonetheless, we are still cautious on the potential upside.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.