With recent performance from gold miners, a weakening U.S. dollar and countries increasing gold reserves, gold could be setting up for a bull market by mid-year.

An inflationary cycle would be the most bullish for gold, however, a low growth, low inflation situation can present risks that could drive gold for years.

Gold continued its march to new highs in July as a weakened U.S. dollar and new financial risks emerged.

Despite a wild ride, gold ended August almost unchanged. Consolidation continues, but once it has run its course, we believe tail-risk drivers may drive gold to $2,000 per ounce and beyond.

Gold and gold stocks trended higher in May, as inflationary concerns and a weakening dollar propelled gold to over $1,900 per ounce for the first time since January.

Amid stable macroeconomic conditions and signs of gradual cooling in the labor market, investor sentiment remained focused on AI-driven growth, commodity resurgence, and evolving expectations for Federal Reserve policy

We expect many of the drivers that helped to propel gold in 2020 to continue in 2021.

ESG reporting is becoming as important as operations and finance reporting for gold companies. We expect the Paris Agreement, calling for net-zero greenhouse gas emissions by 2050, to be a primary goal.

Uncertainty and unconventional fiscal and monetary policies may pose significant risks; however, gold remains an asset class with a recognized track record of offsetting pervasive market risks.

We address frequently asked questions about the current period of inflation and provide clarity on some asset classes that have historically responded well.