Cheveley: Gold to Recover Over the Next Few Months
Bloomberg 2026-07-01 05:16:03
Context: The price of gold has declined for three consecutive days amid ongoing US-Iran peace talks and potential Federal Reserve policy tightening. Despite this short-term dip, George Cheveley, Natural Resources Portfolio Manager at Ninety One, predicts a recovery in gold prices over the next few months. Cheveley shared his insights with Bloomberg's Abeer Abu Omar on the Horizons Middle East & Africa program.
Key Facts
- The price of gold has slipped for a third consecutive day as traders monitor developments in US-Iran peace talks and assess signals that the Federal Reserve may tighten policy.
- George Cheveley, who serves as Natural Resources Portfolio Manager at Ninety One, expressed his forecast that gold prices will recover over the next few months.
- Cheveley provided his analysis to Bloomberg's Abeer Abu Omar during an interview on the Horizons Middle East & Africa program.