Gold and precious metals started the year on a positive note after the Federal Reserve lowered the expected trajectory of rate hikes at the end of 2015. Gold and silver prices increased at the beginning of 2016. In the first half of 2016, the cost cutting measures put in place by miners were being delivered and the increase in gold prices widened margins. Equities performed well, analysts say.
Analysts expect one or two more rate hikes expected over the next 12 months. The expected progrowth policy environment has led to a stronger dollar. Both of these have been short-term macro headwinds for gold.
Globally, the gold miners that have done best are tending to be economies not based on the U.S. dollar, places like Australia, South Africa or Russia. They’ve benefited from the double tailwind of raising gold and falling cost as measured in U.S. dollars.
Full report available here.
Interview Highlights: Jorge Beristain of Deutsche Bank Securities on Gold and Precious Metals
December 19, 2016
Interview Highlights: Rob Chang of Cantor Fitzgerald on Gold and Precious Metals
December 21, 2016
Interview Highlights: Chris Thompson of Raymond James & Associates on Gold and Precious Metals
December 20, 2016
Off the Record: Gold & Precious Metals
December 22, 2008
Rick Howes, President/CEO of Dundee Precious Metals Inc. (TSE:DPM), Presents at the Denver Gold Forum
September 16, 2014
