Franco-Nevada: We're 5 Years into a Bull Market and Gold is in a Good Spot

With the gold price near US$1,700 per ounce, Paul Brink, president and COO of Franco-Nevada, offered his perspective on where the space is at. #PDAC2020 #gold #investing

"I think the gold market is in a good place. This gold market reminds me of the last bull cycle," he said at PDAC.

"What's going on currently in the world (is) we have a lot of risk from the coronavirus (and) the likely impact is it causes a slowdown in world economies. And the central bank response no doubt is to reduce rates — we've seen that already this morning," Brink continued. He was speaking the day the US Federal Reserve announced an emergency interest rate cut of half a percentage point.

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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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