Gold Not Overvalued Based on Purchasing Power Analysis Says BlackRock's Evy Hambro

BlackRock's portfolio manager Evy Hambro has shifted the gold valuation discussion from current price levels to actual purchasing power. In a recent Bloomberg Television interview, the Global Head of Thematic and Sector Investing revealed that internal analysis demonstrates gold maintains stronger purchasing capacity than traditional metrics suggest, indicating the precious metal may be fairly valued despite recent price increases.