US bond fund giant says gold still has a lot of shine – MarketWatch
(Photo by DAVID GRAY / AFP via Getty Images)
The impressive rise in gold prices this year does not mean the end of the shiny metal’s gains, according to Pimco.
Nicholas Johnson, portfolio manager of the bond fund giant, said in a blog post Monday that gold still has the potential to recover depending on its position relative to inflation-adjusted, or real, yields.
“Gold remains…
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