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S&P, Bernstein clash on gold outlook

S&P and Bernstein have both reported on gold – but have reached rather different conclusions. The use of US currency as a political weapon, plus changing bank regulation and investor sentiment will likely propel the precious metal forward, according to Bernstein. But S&P cautioned that mining companies shouldn’t get too carried away, as the price recovery would need to sustain itself longer before mining companies can expect an upgrade.

S&P, Bernstein clash on gold outlook S&P, Bernstein clash on gold outlook S&P, Bernstein clash on gold outlook S&P, Bernstein clash on gold outlook S&P, Bernstein clash on gold outlook

Barrick Gold was highlighted along with Newcrest and Polyus in the research

In its report published on Wednesday, Remonetisation of gold in the context of US dollar weaponization, Bernstein suggested political use of the dollar (i.e.

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