War in Iran, higher energy prices are only delaying gold's rally to $5,000; mining stocks remain undervalued – Gabelli

(Kitco News) - The ongoing war in Iran and disruptions to global energy supplies are driving inflation pressures higher, forcing central banks to maintain restrictive monetary policies, which is taking its toll on gold; however, one fund manager says the conflict is only delaying gold's eventual rally, while the mining sector continues to generate significant cash flow at historically elevated prices.