Is Fed Chair Yellen Too Aggressive on Rates? Adrian Day Chimes In

Gold prices have fallen under pressure as markets expect a rate hike later this month. However, according to gold expert Adrian Day, the Federal Reserve will not be as aggressive on tightening as some expect. “I don’t see rates moving significantly, this Fed led by Yellen is not going to be aggressive on interest rate hikes and that’s good news for gold,” he told Kitco News’ Daniela Cambone on the sidelines for the PDAC convention in Toronto. “If they raise rates one or two times by the spring, they are still lagging inflation and that is what’s the key for gold: are rates ahead of inflation or behind inflation?” (show less)

Gold prices have fallen under pressure as markets expect a rate hike later this month. However, according to gold expert Adrian Day, the Federal Reserve will not be as aggressive on tightening as some expect. “I don’t see rates moving significantly, this Fed led by Yellen is not going to be aggressive on interest rate hikes and that’s good news for gold,” he told Kitco News’ Daniela Cambone on the sidelines for the PDAC convention in Toronto. “If they raise rates ... (read more)

 
 
PDAC 2017

PDAC 2017
The Prospectors & Developers Association of Canada (PDAC) is best known for its annual convention, bringing together prospectors, developers, geoscientists, consultants, and mining executives, among others. Known as the mammoth of all mining conference, this annual event is held in Toronto and attracts more than 30,000 attendees from more than 125 countries. Kitco News’ Daniela Cambone and Neils Christensen will be in on all the action, bringing you the hottest news in the industry. Don’t miss our coverage brought to you exclusively by GoldMining Inc. and Uranium Energy Corp.

 

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.