Rate Hikes ‘Meaningless;’ Gold Has Already Bottomed - Lassonde

Mining magnate and chairman of Franco-Nevada Pierre Lassonde is confident in the mining sector for 2017, noting that gold prices bottomed over a year ago and should only move higher. Speaking with Kitco News at the BMO Metals & Mining Conference, Lassonde said expectations that gold prices will fall under pressure because of increased interest rates may be misplaced. ‘The rate hikes are meaningless,’ he says.

BMO Conference 2017

BMO Conference 2017
For 26 years, BMO Capital Markets has hosted its annual Global Metals & Mining Conference dedicated entirely to the metals & mining sector. This year is no different. From Feb. 26 to Mar. 1, institutional investors from around the globe as well as senior management from the world's leading mining companies will meet at this invite-only event. Kitco News’ Daniela Cambone will be on the front lines, interviewing some of the biggest names in our industry. Don’t miss Kitco News' exclusive coverage, brought to you by Pershing Gold.

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