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MOSCOW, April 30The continued acceleration of inflation in the United States can lead the price of gold to new historical records before the end of the year, Maxim Khudalov, chief strategist of the investment company Vector X, shared his opinion.
Earlier in April, the price of gold reached historical highs, exceeding 2.4 thousand dollars per ounce. This growth was due to both the worsening situation in the Middle East and expectations regarding changes in the monetary policy of the US Federal Reserve System (FRS).
< br />«Numerous sources indicate a likely continuation of inflation growth in the United States, which could lead to new price records for the yellow metal during this year,» Khudalov commented.
At the moment There is a correction in gold prices from record levels due to the strengthening of the dollar, the expert estimates.
«In addition, the price of the metal has significantly moved away from the cost level of even the most high-cost miners, allowing producers to mine even the lowest-grade ores, increasing the supply of metal» , concluded Khudalov.