It's a mistake to link higher Fed rates with lower gold prices - mining strategist

It's a mistake to link a more aggressive Federal Reserve with lower gold prices, said Christopher Ecclestone, principal and mining strategist at Hallgarten & Co, told Michelle Makori, lead anchor and Editor-in-Chief of Kitco News, on the sidelines of the Mines and Money London conference.
"Traditionally, gold has been a hedge against inflation. There is a mistaken view that higher interest rates would impact the price of gold because supposedly people are borrowing money to buy gold which is totally a bogus construct," Ecclestone said. "Most people are using gold as a savings method."
They also talked about how inflation impacts the price of gold. Hallgarten produces research on the natural resources sector. (show less)

It's a mistake to link a more aggressive Federal Reserve with lower gold prices, said Christopher Ecclestone, principal and mining strategist at Hallgarten & Co, told Michelle Makori, lead anchor and Editor-in-Chief of Kitco News, on the sidelines of the Mines and Money London conference.
"Traditionally, gold has been a hedge against inflation. There is a mistaken view that higher interest rates would impact the price of gold because supposedly people are ... (read more)

Mines and Money London December 2021

Mines and Money London December 2021
Mines and Money London is Europe's largest mining investment event. Welcoming the entire industry - investors, mining corporates, governments, consultants, technology providers, financiers and beyond. Providing you with a platform for developing and fostering mining investments with deal-making at the centre.

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