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Gold in a supercycle, says BMO

Despite a softening in the gold price this year, BMO Capital Markets managing director of commodities research Colin Hamilton says the metal is holding up well.

Gold in a supercycle, says BMO Gold in a supercycle, says BMO Gold in a supercycle, says BMO Gold in a supercycle, says BMO Gold in a supercycle, says BMO

Image: iStock/Nuthawut Somsuk

After peaking at over US$2000 an ounce in August 2020, gold has fallen as low as $1683/oz last month.

It currently sits at about $1747/oz.