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

Mar 06, 2017
Guest(s): Adrian Day

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.

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