In an interview with Bloomberg TV, BlackRock's head of global thematic investments, Evy Hambro said that as the purchasing power of banknotes continues to weaken, the price of gold should rise further. Currency depreciation is likely to continue “at a faster rate” in the next few years. This trend, combined with increased geopolitical risks, will drive up the prices of gold and other precious metals. “Gold's purchasing power is chasing its past level and what it should be,” Hambro said. He said that based on this, the price of gold should be “higher than the current level,” but he declined to give a specific forecast. He said that mining stocks have yet to fully keep up with the rapid rise in the prices of metals such as yellow, silver, and copper, which has created very attractive opportunities for stock investors such as BlackRock.

In an interview with Bloomberg TV, BlackRock's head of global thematic investments, Evy Hambro said that as the purchasing power of banknotes continues to weaken, the price of gold should rise further. Currency depreciation is likely to continue “at a faster rate” in the next few years. This trend, combined with increased geopolitical risks, will drive up the prices of gold and other precious metals. “Gold's purchasing power is chasing its past level and what it should be,” Hambro said. He said that based on this, the price of gold should be “higher than the current level,” but he declined to give a specific forecast. He said that mining stocks have yet to fully keep up with the rapid rise in the prices of metals such as yellow, silver, and copper, which has created very attractive opportunities for stock investors such as BlackRock.