Gold Outlook: Potential Price Increase in Sight
Brett Heath, CEO and director of Metalla Royalty & Streaming, is optimistic about the current cycle of gold, predicting a potential increase to US$2,600 to US$3,000 per ounce this year. In an interview with the Investing News Network, Heath highlighted the significant breakout in gold and noted that there is still limited participation in the trade, particularly among the average person.
Growing Interest in Gold Investments
While there has been a lack of attention from the public, Heath mentioned a shift in investor sentiment, with more retail and institutional investors showing interest in gold. He pointed out an increase in inflows into physical exchange-traded funds (ETFs) over the last three months, signaling a growing appetite for gold investments.
Driving Forces for Gold and Equities
Heath believes that increased participation in the gold market could drive prices higher for both gold and gold stocks. With the current setup and breakout in the market, he emphasized the potential for a considerable influx of capital once the public re-enters the trade. This influx could act as a significant driver for gold prices and equities, which have yet to see substantial inflows.
Potential for Further Growth
Additional capital influxes from a broader range of investors could lead to further price increases in the gold sector. As more people recognize the potential of gold as a safe-haven asset and a hedge against economic uncertainty, the market may experience sustained growth in the coming months.
Insight into Gold Market Trends
Heath’s insights provide valuable perspective on the evolving trends in the gold market, highlighting the potential for significant price movements based on investor behavior and market dynamics. As the public becomes more aware of the opportunities in gold investments, the market could see increased activity and higher price levels, creating opportunities for both investors and companies in the sector.
