Capital Economics on gold prices
Matthew Wright
Livewire Markets
Capital Economics say that the gold price could fall as low as $850 per ounce in a worst-case scenario. Their base case is that prices should find good support only a little below current levels (our end-Q3 forecast is $1,050) and will actually end the year higher (at $1,200). The chart below may be of interest when thinking about this. It comes from Macrotrends (VIEW LINK) and shows historical data for real (inflation-adjusted) gold prices back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base.
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Matt has over 10 years’ experience in financial markets and is currently a successful Proprietary Trader with Epoch, trading interest rate and equity derivatives. Matt managed relative value interest rate books for large SFE locals in his early days and was previously a Senior Broker with Newedge providing multi-asset solutions to institutional clients. With time spent working in both London and Singapore he has trading and advisory experience across a multitude of derivatives and securities. Matt has post graduate qualifications in both Applied Finance and Economics.
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Matthew Wright
Market Analyst
Livewire Markets
Matt has over 10 years’ experience in financial markets and is currently a successful Proprietary Trader with Epoch, trading interest rate and equity derivatives. Matt managed relative value interest rate books for large SFE locals in his early...
Expertise
No areas of expertise
Matthew Wright
Market Analyst
Livewire Markets
Matt has over 10 years’ experience in financial markets and is currently a successful Proprietary Trader with Epoch, trading interest rate and equity derivatives. Matt managed relative value interest rate books for large SFE locals in his early...
Expertise
No areas of expertise
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