Gold can move as much as 20% higher as we get further in to 2022 thanks to the continuing spectre of inflation and continuing volatility according to two industry experts. The CEO of Blackstone, Byron Wien and Joe Zidle, the chief investment strategist see gold climbing to new highs as the year marches on amid difficult economic conditions and market uncertainty.
In a forecast for 2022, they say that gold will become an even more attractive prospect to investors seeking respite from soaring levels of inflation. They wrote, “The price of gold rallies by 20% to a new record high. Despite strong growth in the U.S., investors seek the perceived safety and inflation hedge of gold amidst rising prices and volatility. Gold reclaims its title as a haven for newly minted billionaires, even as cryptocurrencies continue to gain market share.” Describing the move upwards as “probable” they say that renewed safe haven status will likely propel gold to a new all-time high of around £1,595 ($2,160) in the course of 2022.
Buy now to put yourself in the best possible position to capitalise while also assuring a safe hedge against rising inflation and the economic disruption being felt by the worsening spread of the Omicron variant around the globe.
