BlackRock's Evy Hambro, manager of the £2.8bn Gold & General fund, said gold should be trading about 30% above its current record high, taking inflation into account.
The Conjecture panel discusses debt, contagion, and the outlook for European markets
Inflation fears appear to be rising in the US after the Treasury issued its first ever negative yield government bond.
US treasury yields have fallen to a 16-month low after the Fed last night outlined plans to resume its stimulus programme.
The Federal Reserve plans to reinvest principal payments on its mortgage holdings into long-dated treasuries in an effort to revive the stuttering US economic recovery.
Ignis head of credit portfolio management Chris Bowie is using the strong rebound in risk appetite today to accelerate the group's de-risking in credit markets.
Traders are making record bets against the euro, underlining the mounting alarm over the region's debt crisis.