Natural Resources - Mining & CommoditiesEmail
Panmure Gordon’s latest research report about gold, The Quarterly Nugget, increased the outlook for the price of gold.
In the latest Quarterly Nugget, Kieron Hodgson, Commodities analyst, and Simon French, Chief Economist, look at the outlook for Gold in a world economy dominated, at least near-term, by concerns over COVID-19. Global output is poised to contract by its largest amount in living memory. Supply chain disruptions from strategic and protectionist moves to increase domestic output are poised to persist well beyond the public health crisis. The economic backdrop and its uncertain impact on prices, the value of risk assets and the free movement of capital represents a supportive backdrop to the Gold price.
Three factors of the five-factor model they look at to inform their outlook for the Gold price point to a positive outlook for Gold.
The five factors are: