Cost-Push Inflation for Food Could Push Gold Sharply Higher

Over the past few weeks, Mind Your Money blog has alluded to the possibility of inflation gauges rising due to rising food prices worldwide.

Seeking Alpha has an important article that ties that possibility to gold prices, citing evidence that rising food prices touched off by drought conditions could send gold to $1900 an ounce by the end of the year. If so, this would mark the 12th year in a row of rising gold prices…

Food Inflation From Worldwide Drought Could Push Gold Above $1900 An Ounce By Year End

http://seekingalpha.com/article/801241-food-inflation-from-worldwide-drought-could-push-gold-above-1900-an-ounce-by-year-end

 

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