A coming gold surge?

While gold may well climb higher in the short term, a price surge could be years away.

After a nasty slide in 2013, gold has found its feet again, gaining almost 10% this year to around $1,340 an ounce. Some investors have sought shelter from emerging-market turmoil in the metal, while fears that the weather might not be solely responsible for the weak recent run of data in America have also helped.

What's more, the Bank of England and the US Federal Reserve have both made it clear that interest rates will stay low for a long time, which has reawakened fears that "central banks will stay too easy for too long", says John Authers in the FT.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.