Gold can often be traded by how often its discussed in the AFR, back in 2019 stories abounded of the precious metal breaking above $US2,000/oz yet here we are and the likes of Newcrest (NCM) are still 30% below levels reached 2-years ago. The gold sector is our favourite call for the next “hot trend” and so far its flown under the radar of most finance journalists:
- Tailwinds: The gold sector is cheap in our opinion from a valuation perspective plus inflation is raising its head in major fashion with gold often deemed an excellent hedge against such an enviroment.
- Headwinds: Interest rates are on the increase and the $US is remaining resilient.
MM likes the gold sector in 2022
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