Gold still has a path to $5,500 in the next 12 months – Amundi’s Portelli
#Gold remains trapped in a broad sideways channel and continues to be weighed down by short-term inflation fears, driving hawkish interest rate expectations; however, one international investment firm still expects gold prices to end the year above $5,000 an ounce.
In his latest precious metals report, Lorenzo Portelli, Head of Cross Asset Strategy at Amundi Investment Institute, said that he expects the current energy shock, driven by the ongoing war in Iran, to have only a short-term impact on inflation…
Article on Kitco:
kitco.com/news/article/2026-…
Gold still has a path to $5,500 in the next 12 months – Amundi’s Portelli
