Authored by Ven Ram, Bloomberg cross-asset strategist, Gold is still hovering near a nominal record, but the scope for further gains from here may be limited. Bullion approached $2,200 an ounce last week, annexing a new record, though stated in real terms, gold is still shy of its previous peak set more than a decade ago. Even at current levels, an investor who bought gold at the end of 2012, when it was trading around $1,675 an ounce, would still be sitting on losses of more than 3% after adjusting for the corrosive effect of inflation on the…
