‘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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By Yvonne Yue Li

October 28, 2021 at 2:45 PM UTC

This article is for subscribers only.

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.