After Doubling Shares, This Gold Miner Says Rally Will Go On

• U.S. election may be the next big catalyst, Northern Star says
• ‘The overall trend is up,’ Managing Director Bill Beament says

Gold’s rally is set to endure, with the U.S. presidential election seen as the next big catalyst for prices, according to a producer whose shares have almost doubled this year as financial-market turmoil, slowing growth and Britain’s vote for Brexit pumped up bullion.

“The overall trend is up,” Bill Beament, managing director at Northern Star Resources Ltd., said on a conference call on Wednesday after the Australian company reported record cash flow. The U.S. vote will have more of an impact on bullion than the U.K. referendum, according to Beament.