(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 McCraeFor Kitco News
Follow michaelmccraemmccrae@kitco.comwww.kitco.com