Why gold is 'stuck'

(Kitco News) - Investors are still weighing the risk of inflation, whichhas tapped the breaks on gold's rise, said Agnico Eagle (TSX:AEM) CEO SeanBoyd.

Boyd spoke to Kitco on Tuesday. The company released its Q3this week. In the spring gold traded above $1,900 oz but this fall isstruggling to stay above $1,800 oz.

"Gold is stuck right now because investors are still tryingto determine what inflation is going to look like. We are in that camp where'inflation is not transitory.' We can see prices starting to go up. We see morepermanent inflation down the road. That is a recipe for higher gold prices,"said Boyd.

By Michael McCrae

For Kitco News

Follow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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