Gold price can still top $3,000 amid recovery

Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, said a fund manager who forecast the metal’s ascent to a record last year.

Diego Parrilla, who manages the $250 million Quadriga Igneo fund, said there isn’t widespread awareness of the long-term damage that’s been caused by ultra-loose monetary and fiscal policies. Artificially low interest rates have created asset bubbles that are too big to burst, which will make it very difficult for central banks to normalize without risking their collapse, he said.

Capital Limited (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Capital Limited

More articles like this

Capital Limited

Gold firms near key $1,800 level

Gold prices hovered close to the key $1,800 level on Monday, supported by a weaker dollar as investors assessed the Federal Reserve’s likely response to inflationary pressure after its chair said inflation could last longer than expected. Spot

Capital Limited

Gold rises as weaker dollar counters U.S. bond yields rally

Gold prices rose on Wednesday, buoyed by a slightly weaker dollar which offset surging U.S. bond yields and lingering fears over sooner-than-expected interest rates hikes. Spot gold XAU= rose 0.3% to $1,773.65 per ounce by 0341 GMT. The metal rose

Capital Limited

Gold rises to one-month high

Gold touched a one-month high on Thursday, as a dip in the dollar and U.S. bond yields allowed investors to turn to bullion as an inflation hedge. Spot gold gained 0.2% at $1,796.59 per ounce by 13:46 p.m.

Capital Limited

Gold hits near two-week high

Gold prices hit a near two-week peak on Monday, as a weaker dollar offset bets that the U.S. Federal Reserve could begin tapering its pandemic-era asset purchases soon. Spot gold rose 0.2% to $1,764.60 per ounce by 0112

Capital Limited

Capital’s investment holdings at the end of Q3 2021

Capital Ltd (LON:CAPD), a leading mining services company focused on the African markets, has provided an update of its investment holdings at the end of Q3 2021.  Capital reports its investment portfolio position within the interim and full

Capital Limited

Gold prices edge higher

Gold prices edged higher on Wednesday as a slight dip in U.S. bond yields provided support against growing expectations of quicker-than-expected U.S. interest rate hikes that also pushed the dollar to a multi-month high. Spot gold rose 0.3%

Capital Limited

Capital Limited has never had it so good

It seems hardly a day goes by without someone talking up Capital Limited, formerly known as Capital Drilling, an LSE mining services firm with a market value of just £150 million. But the fog is clearing on this