The gold price could crack $US4000 per ounce this year, gifting miners the highest margins since the 1980s if the US dollar continues its slide.

That’s according to State Street Global Advisors gold strategy head Aakash Doshi, who says high inflation and low growth in the world’s largest economy, combined with so-called “dedollarisation” – where countries reduce their reliance on the greenback – could drive bullion to fresh records.