Gold’s next surge comes after recession, says macro strategist

Gold’s recent volatility — falling during the height of Iran tensions before rebounding on easing geopolitical fears — comes as markets grapple with rising oil prices and fading expectations for near-term rate cuts. But for independent macro strategist Tom Bradshaw, the bigger story lies ahead.

In an interview with MINING.COM, Bradshaw argues that while gold may face short-term pressure in a higher-rate environment, the real move comes after the downturn.

He says mounting signs of stagflation and weakening economic conditions point to a potential recession — a scenario that has historically driven strong outperformance in gold — setting the stage, in his view, for a powerful surge toward $9,000 in the next cycle.