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Gold Miner Ready for Yellen to ‘Get on With It’ Sees Price Rally

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Gold miners are getting tired of waiting for Federal Reserve Chair Janet Yellen.

Investors have fled the gold market in the past two years as a steadily improving U.S. job market raised speculation that Fed officials would start raising interest rates. The metal will probably start to climb once officials finally start tightening, because higher rates are already priced in and there will be less uncertainty in the market after the liftoff, according to Goldcorp Inc.’s Chief Executive Officer Chuck Jeannes. Newmont Mining Corp. also expects the increase will be a boon for the industry.