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Rising interest rates and a strong US dollar weighed on gold in 2022, but 2023 may bring relief.
Dr. Kal Kotecha, president and founder of Junior Gold Report, said he sees rates approaching the point where they top out.
“Interest rates have gone up quite a bit … and I think we’re reaching the peak level of interest rates,” he told the Investing News Network. “So I expect gold to go up in price when interest rates start to dip.”
This video was filmed on March 7, 2023.
#Investing #Mining #Gold
0:00 – Intro
0:26 – Factors driving the gold price
3:02 – When will the juniors catch up?
6:47 – Where Kal sees opportunity
9:01 – Final thoughts from Kal
9:48 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
