Gold price steadies as traders focus on uncertain 2025 rate path
Gold has hit successive records this year and is set to close 2024 more than 25% higher.
Robert Quartermain’s refrain in a Pretium Resources (TSX: PVG) presentation at the Hard Assets conference in New York, May 9-10, was: “This is why I came out of retirement.”
Quartermain, Pretium president and CEO, was referring to the high-grades of gold at the Brucejack project in BC, Canada, where drillholes have numerous times hit gold measured by kilograms per tonne, not by the usual grams or fractions of ounces per tonne.
