Fed Hike Shouldn’t Shake Faith in Gold, Says Mining Chief
- Gold’s trading near lowest level in more than three months
- Low interest-rate world to support bullion: Evolution’s Klein
Evolution's Klein: Conditions Still Favorable for Gold
This article is for subscribers only.
A Federal Reserve interest-rate increase this year shouldn’t shake investors’ faith in gold, according to Australia’s second-largest producer.
Bullion is trading near the lowest level in more than three months after slumping 3.3 percent on Tuesday, the biggest loss in over a year. Prices have tumbled on worries that central banks are poised to curb stimulus and that the Fed may be set to raise interest rates in December for the first time in 12 months as the economy improves.