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

(March 6, 2017 - by Kitco News)

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.