JOHANNESBURG (Mineweb.com) --In recent major research, analysts at RBC Capital Markets state that gold bullion is likely to remain in a bullish cycle for the remainder of this decade, “and possibly even longer”. RBCCM points to a “constructive long-term outlook”, based on the “importance of gold as an alternative investment, the trend of increased investor risk aversion, the decline in confidence in the fiat money system and a positive fundamental supply-demand balance in response to Asia’s growing middle class”.
RBCCM continues to favour gold companies with high leverage to the gold price and strong production and reserve growth profiles. Gold equities that RBCCM analysts believe offer investors attractive returns include AngloGold Ashanti, Eldorado, Goldcorp, Harmony Gold, Kinross and Lihir Gold.
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