Cheveley: Gold to Recover Over the Next Few Months

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Gold prices slipped for a third consecutive day amid US-Iran peace talks and signals the Federal Reserve may further tighten monetary policy. However, portfolio manager George Cheveley expects gold to recover in the upcoming months.

The price of gold slipped for a third day as traders tracked US-Iran peace talks and weighed signals the Federal Reserve may move to tighten policy. But George Cheveley, Natural Resources Portfolio Manager at Ninety One told Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa the yellow metal will bounce back soon. (Source: Bloomberg)