Canadian gold mine CEO: 'Gold blossoms' in a low-interest rate economy

United States News News

Canadian gold mine CEO: 'Gold blossoms' in a low-interest rate economy
United States Latest News,United States Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

'This year we'll set record gold production ... [and] grow at a steady pace,' Agnico Eagle Mines CEO Sean Boyd says.

"We're in a period now where gold blossoms when you have low real interest rates and negative — gold does well," Agnico Eagle Mines CEO Sean Boyd says.

"[Gold] will hit the all time highs of $1,900 to $2,000 because we're starting from a higher base than we did back in the late 90s," he says. "We're in a period now where gold blossoms when you have low real interest rates ... gold does well," Boyd said in an interview with. "And then the inability of the industry to respond to a higher gold price is, I think, the key to get it going forward."

"[Gold] will hit the all time highs of $1,900 to $2,000 because we're starting from a higher base than we did back in the late '90s," Boyd said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SABIC CEO says no interest in taking over ClariantSABIC CEO says no interest in taking over ClariantSaudi Basic Industries Corp (SABIC) has no interest in taking over Swi...
Read more »

GirlBoss CEO Sophia Amoruso Launches LinkedIn-Inspired Platform For WomenGirlBoss CEO Sophia Amoruso Launches LinkedIn-Inspired Platform For WomenSophia Amoruso is launching a LinkedIn-inspired platform for women.
Read more »

Walmart CEO Doug McMillon offers 3 tips for getting promotedWalmart CEO Doug McMillon offers 3 tips for getting promotedWalmart CEO Doug McMillon thinks he's got a pretty good job, and others seem to think so too. Here are three tips McMillon offered on LinkedIn for anyone looking to rise through the ranks.
Read more »

Sweetgreen CEO Jonathan Neman Snags $21 Million Beverly Hills EstateSweetgreen CEO Jonathan Neman Snags $21 Million Beverly Hills EstateAfter a long slog on the market, powerhouse film producer and former MGM CEO Roger Birnbaum has sold his dynamic midcentury modern estate. Located within the posh Trousdale Estates enclave in north…
Read more »

Hong Kong protests not yet causing 'big movement of money' to Singapore, says bank CEOHong Kong protests not yet causing 'big movement of money' to Singapore, says bank CEOSingapore — a tiny Southeast Asian country — and Hong Kong are often seen as competitors for the role of Asia's premier financial center.
Read more »



Render Time: 2025-03-11 06:23:46