International Mining reports that RBC Capital Markets’s global gold outlook may be summarised for Spring/Summer 2008 as ’the pause that refreshes.’ Highlights of investment srategy:
The greenback’s role as a reserve currency will continue to decline in importance relative to alternatives such as the Euro and gold
Central banks’ current aggressive reflationary efforts will place additional pressure on currencies relative to hard commodities in the years to come
Immediate risks include moderating global inflation expectations, a pause in the greenback’s downward trend and downward inflationary pressures on disposable income
RBC Capital Markets maintains its long-term bullish outlook for gold…more at International Mining
