The Globe and Mail reports in its Saturday edition that gold is on a roll. The Globe's David Berman writes that coincidentally, Agnico Eagle Mines is now more valuable than mighty Barrick Gold. Agnico's shares are up 36 per cent in New York since the start of the year. The stock has outperformed Barrick and Newmont by wide margins and trounced the gains made by bullion as well, demonstrating its go-to status when gold prices are rising. Even as gold hovers near record highs above $2,400 an ounce, up 18 per cent since the start of the year, some observers expect that the conditions are in place for the rally to pick up. Anita Soni, an analyst at CIBC Capital Markets, expects that the price of gold can rise to $2,600 an ounce in 2025, potentially boosting miners' profits. "With what can only be described as a disastrous debate performance by Biden, the spectre (and spectacle) of a second Trump presidency looms on the horizon and could cause a parabolic shift in the gold price in 2025," Ms. Soni said in a note. Others share her enthusiasm for gold, if for different reasons. For one, when central banks cut their key interest rates, the opportunity cost of holding an asset that does not pay dividends diminishes.