Famous Fund Manager Shared His Gold Forecast

The famous fund manager shared his gold forecast. Diego Parrilla said that gold could reach highs once again.

Diego Parrilla, who manages the Quadriga Igneo fund, said that gold could rise to new peaks with the reduction of incentives by Central Banks. Correctly predicting that gold will break a record in 5 years in 2016, Parrilla stated that the main factors for the rise in gold gained strength. Expert manager Parrilla stated that there is no serious awareness about the long-term damage of ultra-loose monetary and fiscal policies, that low interest rates create an asset bubble and this will make it difficult for Central banks to normalize. Famous fund manager Parrilla stated that the price of an ounce of gold may climb to the range of $3,000-5,000 in the next 3-5 years. Gold, which broke a record with $2,075.47 in August 2020, has been trading at $1,800 in recent weeks due to the impact of the pandemic on the global economy.