Old Mutual Gold Fund Manager Says 2008 Good for Gold

Source:

Mandla Mapondera, fund manager of the Old Mutual Gold Fund, told the Moneyweb Power Hour that the rest of the year was going to be favourable for gold.

Gold will perform "better" than platinum in the months ahead as gold market drivers will be much stronger and more influential than platinum's driving factors.

Mandla Mapondera, fund manager of the Old Mutual Gold Fund, told the Moneyweb Power Hour that the rest of the year was going to be favourable for gold. However, there were concerns about the health of the U.S. economy and how its pressures on the dollar.

...The fund manager's individual gold stock selection for 2008 was Gold Fields as the company was hopefully now coming out of a bad operational year. In terms of risk/return perspective, Gold Fields was probably a better play than other local gold companies, he said.

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