BlackRock's Hambro: Too early to tell if gold price falls are over

The recent gold price volatility could plague investors for some time, and further selling is also a risk, according to BlackRock's natural resources head Evy Hambro.

The gold spot price suffered its worst one-day fall for 30 years on 16 April, dropping 9% and falling as low as $1,321 as investors rushed to sell the precious metal. Gold has rebounded in the last week to around $1,450 as buyers returned to take advantage of lower prices, but the manager cautioned there could be another move down for the asset class. Hambro (pictured), who runs the £2.2bn BlackRock Gold & General fund, told Investment Week he has been buying on the falls, but has not significantly increased the volume of his trading because of the risk the spot price could fall furth...