Billionaire hedge fund manager John Paulson, one of the world’s most influential gold investors, said on Friday that the metal is now at an appropriate price level, following last week’s rout that dragged prices to five-year lows.
Paulson, in his first public comments since the recent price crash, said his firm, Paulson & Co, has retained a 10 million share stake, now worth about $1 billion, in SPDR Gold Trust, which tracks the price of gold.. |