After Doubling Shares, This Gold Miner Says Rally Will Go On
- U.S. election may be the next big catalyst, Northern Star says
- ‘The overall trend is up,’ Managing Director Bill Beament says
Brexit Altering the Landscape for Gold: BofA's Blanch
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Gold’s rally is set to endure, with the U.S. presidential election seen as the next big catalyst for prices, according to a producer whose shares have almost doubled this year as financial-market turmoil, slowing growth and Britain’s vote for Brexit pumped up bullion.
“The overall trend is up,” Bill Beament, managing director at Northern Star Resources Ltd., said on a conference call on Wednesday after the Australian company reported record cash flow. The U.S. vote will have more of an impact on bullion than the U.K. referendum, according to Beament.