Latest / Mining Weekly Audio Articles
World's biggest money managers are rebuilding gold positions
Some of the world's biggest money managers have rebuilt their gold holdings after prices dropped, betting that long-term drivers of the precious metal will endure even as the US Federal Reserve takes a more assertive stance on inflation.
Amundi SA, Europe's largest asset manager, bought bullion on the expectation it will return to $5 000/oz by year-end. Fund managers at Pictet Asset Management, Robeco Institutional Asset Management and Fidelity International also added to holdings cut earlier this year, during bullion's retreat from an all-time high.
"Gold is an asset that we consider to be…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.