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‘Sticky’ Inflation May Drive Gold to New Peak, Agnico CEO Says

  • Bullion to hit a fresh record on rising cost pressures: Agnico
  • The gold industry will consolidate during next couple of years
 Agnico-Eagle Mines Ltd. Chief Executive Officer Sean Boyd says gold may hit a fresh record high in the next 12 months as investors seek haven from a buildup of inflationary pressures.

 Agnico-Eagle Mines Ltd. Chief Executive Officer Sean Boyd says gold may hit a fresh record high in the next 12 months as investors seek haven from a buildup of inflationary pressures.

Photographer: Cole Burston/Bloomberg
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Gold may hit a fresh record high in the next 12 months as investors seek haven from a buildup of inflationary pressures.

That’s the view of Agnico-Eagle Mines Ltd. Chief Executive Officer Sean Boyd, who expects bullion to surpass the current record of $2,075.47 an ounce reached in August last year.