The Fed announcement on Wednesday that interest rates would stay unchanged, as well as signaling no rate hikes through 2022, sent gold higher with Comex gold futures finishing the week $32 higher at $1,737 an ounce.
Kitco’s Michael McCrae and Neils Christensen sat with sector specialist Luis Rivera to discuss where gold could be headed next.
Money is flowing into the mining sector, but M&A could be muted by COVID-19 restrictions. Twenty-twenty’s deals pale to last year’s blockbuster tie-ups, such as the $13B Goldcorp-Newmont deal, and Kirkland Lake-Detour Gold take out at $3.8B. This year, the biggest deal is SSR Mining-Alacer at $2.4B.
Rivera authors High Grade. He is also a great follow on Twitter at EconomicAlpha.