BusinessPhoto: Mint MarketsAmundi Predicts Gold Recovery After Recent Drop Below $4,000
Amundi SA, Europe’s largest asset manager, forecasts gold prices to rebound to around $4,500 an ounce after a recent selloff pushed prices to a three-month low below $4,000. Lorenzo Portelli, head of cross-asset strategy at Amundi, said the worst is behind us and traders’ light positions favor a rebound. Inflation and Fed rate hike expectations have pressured gold, but the worst scenario is priced in.
Mint Markets·


