Gold will rebound strongly next year, despite higher interest rates, according to a survey of the bullion industry.

This year has seen a correction in the gold price, commensurate with rising interest rates/ bond yields, and the spectre of more to come.

The DeLamar project spans about 5,300 acres of patented and unpatented claims, comprising the Delamar and Florida Mountain deposits, and War Eagle and BlackSheep districts.

This investment represents second completed by Osisko on the AntaKori project.

Bullion edged up Wednesday from a one-week low, while traders await critical US inflation data later in the week.

The 70%-owned Cerro Los Gatos mine in Mexico produced a record 2.7 million oz. of silver for the three months ended September 30.

Company is raising its fiscal 2022 production guidance to 13.6-14.1 million ounces for silver and 169,000-180,000 ounces for gold.

Gold and silver are selling at unusually large premiums over the global benchmark price in some Asian markets.