US Bank sees long term bull run in latest briefing

US Bank continues to see a very strong future ahead for gold with its latest briefing note confirming that its position is that gold will be bullish ‘long term’. It said, “Gold prices remain in a bullish longer-term trend, though prices have been generally stable for the past two months. The risk of future inflation resulting from central-bank money printing and low interest rates will continue to support gold prices. Conditions are in place for a moderate resurgence of inflation in the coming few quarters, because energy prices have stabilized. Still, the massive drop of economic activity will present a headwind to core inflation over the coming year.”