Gold Price Forecast: Cooling Growth and Inflation Could Lead to Next Gold Breakout

Considering the current economic landscape, a unique stage is being set — one where cooling growth and persistent inflation concerns are working to create an environment ripe for a gold price breakout. As global economies continue grappling with the repercussions of the recent health crisis, the economic growth has started to decelerate, raising caution around the stability of the overall global recovery. Amidst this cooling growth scenario, the Achilles heel is proving to be sticky inflation. Contrary to initial predictions, inflation has not proven to be transient and continues to remain high, creating unsettling conditions for economies worldwide. For gold observers, this could signify an important opportunity as the yellow metal is traditionally seen as a hedge against inflation. If these conditions persist, it could potentially open the gates for gold’s next breakout, asserting once again, its indispensable position in any diversified investment portfolio. Read More