Gold poised for long-term growth

GOLD has returned to the limelight again this year after recent inflation readings rose more than double the Federal Reserve's usual 2 per cent target. With the Federal Reserve's messaging strongly suggesting a year-end taper, gold certainly has a lot of room for growth, especially due to its traditional role as an inflation hedge.

Gold reached all-time highs in August 2020, fuelled by easy monetary policy intended to support the economy during the Covid-19 pandemic. Coincidentally, the metal's last peak was a decade ago, after a strong two-year rally saw it rise from US$1,000 to US$1,923.70…

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