Gold Seen Rising Above $2,000 on Inflation, Mining Veteran Says

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Gold Seen Rising Above $2,000 on Inflation, Mining Veteran Says

Bloomberg2022-08-18

Evolution’s Klein says price gains to be ‘higher for longer’Bullion has dipped this year as Fed increases interest ratesGold could rally above $2,000 an ounce next year as inflation remains elevated, ...

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TeslaLegend
·2022-08-18
Nice
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market faker
·2022-08-18
Erroneous take. Gold is more highly correlatedto real interest rates instead of inflation. Too many people subscribe to this wrong view. Just take the historical chart for real interest rates and flip it, and compare it to historical gold prices. It's almost a mirror image.
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J1000
·2022-08-18
K
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The participants also warned against over-tightening that could hurt the economy, while flagging the risk of inflation pressures becoming entrenched.</p><p>Gold has dropped just 4% in 2022 even as central banks including the Fed tightened monetary policy aggressively, with higher rates damping the appeal of the non-interest bearing metal. Prices stand to rebound when the Fed pivots to easing after about a year, according to FS Investments’ chief market strategist Troy Gayeski.</p><p>Spot bullion traded at around $1,765 an ounce on Thursday. Prices reached a record $2,075.47 in August 2020, and came close to that level earlier this year before dropping in the second quarter.</p><p>Klein was speaking after Evolution reported a 6% fall in full-year net income to A$323.3 million ($224 million) earlier Thursday. The company plans to increase production by 12.5% to about 720,000 ounces in fiscal year 2023, and a further 11% the following year, according to a statement.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold Seen Rising Above $2,000 on Inflation, Mining Veteran Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold Seen Rising Above $2,000 on Inflation, Mining Veteran Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-18 13:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-18/gold-seen-rising-above-2-000-on-inflation-mining-veteran-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Evolution’s Klein says price gains to be ‘higher for longer’Bullion has dipped this year as Fed increases interest ratesGold could rally above $2,000 an ounce next year as inflation remains elevated, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-18/gold-seen-rising-above-2-000-on-inflation-mining-veteran-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GLD":"SPDR黄金ETF"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-18/gold-seen-rising-above-2-000-on-inflation-mining-veteran-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2260806671","content_text":"Evolution’s Klein says price gains to be ‘higher for longer’Bullion has dipped this year as Fed increases interest ratesGold could rally above $2,000 an ounce next year as inflation remains elevated, underpinning support for the metal often viewed as a traditional hedge against price pressures, an industry veteran said.Given the latest Federal Reserve minutes signal hikes could be deferred or smaller, that indicates “the market is going to have to get used to inflation numbers being much higher for longer,” Jake Klein, executive chairman at Australia’s Evolution Mining Ltd., told Bloomberg TV. “That’s good for gold.”Minutes from the Fed’s last meeting in July released on Wednesday showed that officials saw the need to eventually dial back the pace of rate increases. The participants also warned against over-tightening that could hurt the economy, while flagging the risk of inflation pressures becoming entrenched.Gold has dropped just 4% in 2022 even as central banks including the Fed tightened monetary policy aggressively, with higher rates damping the appeal of the non-interest bearing metal. Prices stand to rebound when the Fed pivots to easing after about a year, according to FS Investments’ chief market strategist Troy Gayeski.Spot bullion traded at around $1,765 an ounce on Thursday. Prices reached a record $2,075.47 in August 2020, and came close to that level earlier this year before dropping in the second quarter.Klein was speaking after Evolution reported a 6% fall in full-year net income to A$323.3 million ($224 million) earlier Thursday. The company plans to increase production by 12.5% to about 720,000 ounces in fiscal year 2023, and a further 11% the following year, according to a statement.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991813879,"gmtCreate":1660803357793,"gmtModify":1676536402862,"author":{"id":"3573625699594545","authorId":"3573625699594545","name":"market faker","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3573625699594545","authorIdStr":"3573625699594545"},"htmlText":"Erroneous take. Gold is more highly correlatedto real interest rates instead of inflation. Too many people subscribe to this wrong view. Just take the historical chart for real interest rates and flip it, and compare it to historical gold prices. It's almost a mirror image.","listText":"Erroneous take. Gold is more highly correlatedto real interest rates instead of inflation. Too many people subscribe to this wrong view. Just take the historical chart for real interest rates and flip it, and compare it to historical gold prices. It's almost a mirror image.","text":"Erroneous take. Gold is more highly correlatedto real interest rates instead of inflation. Too many people subscribe to this wrong view. Just take the historical chart for real interest rates and flip it, and compare it to historical gold prices. It's almost a mirror image.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991813879","repostId":2260806671,"repostType":4,"repost":{"id":"2260806671","kind":"highlight","pubTimestamp":1660800367,"share":"https://ttm.financial/m/news/2260806671?lang=&edition=fundamental","pubTime":"2022-08-18 13:26","market":"fut","language":"en","title":"Gold Seen Rising Above $2,000 on Inflation, Mining Veteran Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2260806671","media":"Bloomberg","summary":"Evolution’s Klein says price gains to be ‘higher for longer’Bullion has dipped this year as Fed incr","content":"<html><head></head><body><ul><li>Evolution’s Klein says price gains to be ‘higher for longer’</li><li>Bullion has dipped this year as Fed increases interest rates</li></ul><p>Gold could rally above $2,000 an ounce next year as inflation remains elevated, underpinning support for the metal often viewed as a traditional hedge against price pressures, an industry veteran said.</p><p>Given the latest Federal Reserve minutes signal hikes could be deferred or smaller, that indicates “the market is going to have to get used to inflation numbers being much higher for longer,” Jake Klein, executive chairman at Australia’s <a href=\"https://laohu8.com/S/EVN.AU\">Evolution Mining</a> Ltd., told Bloomberg TV. “That’s good for gold.”</p><p>Minutes from the Fed’s last meeting in July released on Wednesday showed that officials saw the need to eventually dial back the pace of rate increases. The participants also warned against over-tightening that could hurt the economy, while flagging the risk of inflation pressures becoming entrenched.</p><p>Gold has dropped just 4% in 2022 even as central banks including the Fed tightened monetary policy aggressively, with higher rates damping the appeal of the non-interest bearing metal. Prices stand to rebound when the Fed pivots to easing after about a year, according to FS Investments’ chief market strategist Troy Gayeski.</p><p>Spot bullion traded at around $1,765 an ounce on Thursday. Prices reached a record $2,075.47 in August 2020, and came close to that level earlier this year before dropping in the second quarter.</p><p>Klein was speaking after Evolution reported a 6% fall in full-year net income to A$323.3 million ($224 million) earlier Thursday. The company plans to increase production by 12.5% to about 720,000 ounces in fiscal year 2023, and a further 11% the following year, according to a statement.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold Seen Rising Above $2,000 on Inflation, Mining Veteran Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold Seen Rising Above $2,000 on Inflation, Mining Veteran Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-18 13:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-18/gold-seen-rising-above-2-000-on-inflation-mining-veteran-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Evolution’s Klein says price gains to be ‘higher for longer’Bullion has dipped this year as Fed increases interest ratesGold could rally above $2,000 an ounce next year as inflation remains elevated, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-18/gold-seen-rising-above-2-000-on-inflation-mining-veteran-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GLD":"SPDR黄金ETF"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-18/gold-seen-rising-above-2-000-on-inflation-mining-veteran-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2260806671","content_text":"Evolution’s Klein says price gains to be ‘higher for longer’Bullion has dipped this year as Fed increases interest ratesGold could rally above $2,000 an ounce next year as inflation remains elevated, underpinning support for the metal often viewed as a traditional hedge against price pressures, an industry veteran said.Given the latest Federal Reserve minutes signal hikes could be deferred or smaller, that indicates “the market is going to have to get used to inflation numbers being much higher for longer,” Jake Klein, executive chairman at Australia’s Evolution Mining Ltd., told Bloomberg TV. “That’s good for gold.”Minutes from the Fed’s last meeting in July released on Wednesday showed that officials saw the need to eventually dial back the pace of rate increases. The participants also warned against over-tightening that could hurt the economy, while flagging the risk of inflation pressures becoming entrenched.Gold has dropped just 4% in 2022 even as central banks including the Fed tightened monetary policy aggressively, with higher rates damping the appeal of the non-interest bearing metal. Prices stand to rebound when the Fed pivots to easing after about a year, according to FS Investments’ chief market strategist Troy Gayeski.Spot bullion traded at around $1,765 an ounce on Thursday. Prices reached a record $2,075.47 in August 2020, and came close to that level earlier this year before dropping in the second quarter.Klein was speaking after Evolution reported a 6% fall in full-year net income to A$323.3 million ($224 million) earlier Thursday. The company plans to increase production by 12.5% to about 720,000 ounces in fiscal year 2023, and a further 11% the following year, according to a statement.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991838708,"gmtCreate":1660802174906,"gmtModify":1676536402593,"author":{"id":"3563859164285775","authorId":"3563859164285775","name":"J1000","avatar":"https://community-static.tradeup.com/news/b8ecd9c9f9155b597bf186803ea57192","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3563859164285775","authorIdStr":"3563859164285775"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991838708","repostId":2260806671,"repostType":4,"repost":{"id":"2260806671","kind":"highlight","pubTimestamp":1660800367,"share":"https://ttm.financial/m/news/2260806671?lang=&edition=fundamental","pubTime":"2022-08-18 13:26","market":"fut","language":"en","title":"Gold Seen Rising Above $2,000 on Inflation, Mining Veteran Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2260806671","media":"Bloomberg","summary":"Evolution’s Klein says price gains to be ‘higher for longer’Bullion has dipped this year as Fed incr","content":"<html><head></head><body><ul><li>Evolution’s Klein says price gains to be ‘higher for longer’</li><li>Bullion has dipped this year as Fed increases interest rates</li></ul><p>Gold could rally above $2,000 an ounce next year as inflation remains elevated, underpinning support for the metal often viewed as a traditional hedge against price pressures, an industry veteran said.</p><p>Given the latest Federal Reserve minutes signal hikes could be deferred or smaller, that indicates “the market is going to have to get used to inflation numbers being much higher for longer,” Jake Klein, executive chairman at Australia’s <a href=\"https://laohu8.com/S/EVN.AU\">Evolution Mining</a> Ltd., told Bloomberg TV. “That’s good for gold.”</p><p>Minutes from the Fed’s last meeting in July released on Wednesday showed that officials saw the need to eventually dial back the pace of rate increases. The participants also warned against over-tightening that could hurt the economy, while flagging the risk of inflation pressures becoming entrenched.</p><p>Gold has dropped just 4% in 2022 even as central banks including the Fed tightened monetary policy aggressively, with higher rates damping the appeal of the non-interest bearing metal. Prices stand to rebound when the Fed pivots to easing after about a year, according to FS Investments’ chief market strategist Troy Gayeski.</p><p>Spot bullion traded at around $1,765 an ounce on Thursday. Prices reached a record $2,075.47 in August 2020, and came close to that level earlier this year before dropping in the second quarter.</p><p>Klein was speaking after Evolution reported a 6% fall in full-year net income to A$323.3 million ($224 million) earlier Thursday. The company plans to increase production by 12.5% to about 720,000 ounces in fiscal year 2023, and a further 11% the following year, according to a statement.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold Seen Rising Above $2,000 on Inflation, Mining Veteran Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold Seen Rising Above $2,000 on Inflation, Mining Veteran Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-18 13:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-18/gold-seen-rising-above-2-000-on-inflation-mining-veteran-says?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Evolution’s Klein says price gains to be ‘higher for longer’Bullion has dipped this year as Fed increases interest ratesGold could rally above $2,000 an ounce next year as inflation remains elevated, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-18/gold-seen-rising-above-2-000-on-inflation-mining-veteran-says?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GLD":"SPDR黄金ETF"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-18/gold-seen-rising-above-2-000-on-inflation-mining-veteran-says?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2260806671","content_text":"Evolution’s Klein says price gains to be ‘higher for longer’Bullion has dipped this year as Fed increases interest ratesGold could rally above $2,000 an ounce next year as inflation remains elevated, underpinning support for the metal often viewed as a traditional hedge against price pressures, an industry veteran said.Given the latest Federal Reserve minutes signal hikes could be deferred or smaller, that indicates “the market is going to have to get used to inflation numbers being much higher for longer,” Jake Klein, executive chairman at Australia’s Evolution Mining Ltd., told Bloomberg TV. “That’s good for gold.”Minutes from the Fed’s last meeting in July released on Wednesday showed that officials saw the need to eventually dial back the pace of rate increases. The participants also warned against over-tightening that could hurt the economy, while flagging the risk of inflation pressures becoming entrenched.Gold has dropped just 4% in 2022 even as central banks including the Fed tightened monetary policy aggressively, with higher rates damping the appeal of the non-interest bearing metal. Prices stand to rebound when the Fed pivots to easing after about a year, according to FS Investments’ chief market strategist Troy Gayeski.Spot bullion traded at around $1,765 an ounce on Thursday. Prices reached a record $2,075.47 in August 2020, and came close to that level earlier this year before dropping in the second quarter.Klein was speaking after Evolution reported a 6% fall in full-year net income to A$323.3 million ($224 million) earlier Thursday. The company plans to increase production by 12.5% to about 720,000 ounces in fiscal year 2023, and a further 11% the following year, according to a statement.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":39,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}