Evy Hambro, BlackRock's Global Head of Thematic Investing, stated in an interview that gold prices are expected to rise further as the purchasing power of paper currency continues to weaken.

In the coming years, currency depreciation is likely to continue at an "accelerated pace," a trend that, combined with heightened geopolitical risks, will push up the prices of gold and other precious metals.

"The purchasing power of gold is catching up to its historical levels, which is where it should be," Hambro said. He indicated that based on this, gold prices should be "higher than current levels," but he declined to provide a specific forecast.

He noted that mining stocks have not yet fully kept pace with the rapid price increases of metals like gold, silver, and copper, creating highly attractive opportunities for equity investors such as BlackRock. "These companies are going to make a lot of money."

Mining stocks are currently trading at the lowest price-to-earnings ratios Hambro has seen in his career. Hambro believes that copper prices surpassing $13,000 per ton are primarily driven by supply disruptions and fundamental supporting factors, while trading dynamics surrounding potential US copper tariffs have also contributed to the surge.