Investment bank Macquarie is forecasting gold prices to rally as central banks stockpile record amounts of the precious metal to offset inflation risks and as US interest rates near a peak.
Gold edged up 0.2 per cent on Monday to $US1946 ($3023) an ounce as Macquarie tipped the risk and liquidity bellwether to climb 8 per cent to $US2100 an ounce by the second quarter of 2024.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
