Gold’s Due For A 20% Rally In 2022, Blackstone Argues

Gold’s Due For A 20% Rally In 2022, Blackstone Argues
Andrew Rummer

about 2 years ago1 min

After slipping 4% in 2021 despite surging inflation, gold could be in for a 20% gain this year as the wealthy fall back in love with the precious metal, according to investment giant Blackstone

As the chart shows, a 20% gain would push gold’s price to about $2,170 an ounce, an all-time high. 

“Despite strong growth in the US, investors seek the perceived safety and inflation hedge of gold amidst rising prices and volatility,” Blackstone wrote in a list of predictions for 2022 published on Monday. “Gold reclaims its title as a haven for newly minted billionaires, even as cryptocurrencies continue to gain market share.”

Blackstone’s other predictions, which it gives a better than 50% chance of coming to pass, include: 

  • US stocks treading water, with value stocks beating growth.
  • A decline in US government bonds pushing the yield on 10-year Treasuries to 2.75%.
  • Oil breaching $100 a barrel.
  • China cornering the market for lithium.

Got your own predictions for 2022? Share them in the Finimize group chats.



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