Over the next twelve months, the precious metal could break historical records, according to the agency Bloomberg Sean Boyd, head of Canadian precious metal miner Agnico-Eagle Mines. Last August, gold looked just under $ 2,100. “Inflation is not temporary. Gradually, we will witness its acceleration, which is generally very favorable conditions for gold, “explains Boyd.
The sharp overnight rise in the price of yellow metal occurred after the publication of inflation in the United States. The figure of 6.2 percent represents the highest year-on-year price growth in the USA in thirty years. According to the agency Reuters however, the central bank still hopes that price increases will ease over time as pandemics of disrupted supply ties around the world resume.
At the same time, the Fed believes that there will be no need for a significant increase in rates, which, according to Reuters, is all the more difficult to believe the longer, according to central bankers, only temporary inflation lasts.
When to expect inflation to ease? In the Governor’s Eyes program, CNB chief Jiří Rusnok answers: