Sitting with Kitco News at the BMO Metals & Mining Conference, mining magnate Pierre Lassonde says he remains positive on gold in the coming year. However, he says one of the big factors is whether interest rates continue to climb higher. Lassonde also held to his belief that most central banks around the world do not take into account gold and gold prices. According to Lassonde, the possibility of negative rates will be the biggest driver of gold prices this year. He also commented on China’s interest in gold and whether or not there is a possiblity that the Chinese might try and create a gold-backed yuan.
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