Global gold outlook from RBC Capital

International Mining

International Mining reports that RBC Capital Markets’s global gold outlook may be summarised for Spring/Summer 2008 as ’the pause that refreshes.’ Highlights of investment srategy:

  • The greenback’s role as a reserve currency will continue to decline in importance relative to alternatives such as the Euro and gold
  • Central banks’ current aggressive reflationary efforts will place additional pressure on currencies relative to hard commodities in the years to come
  • Immediate risks include moderating global inflation expectations, a pause in the greenback’s downward trend and downward inflationary pressures on disposable income
  • RBC Capital Markets maintains its long-term bullish outlook for gold…more at International Mining