Stuck in Neutral: What's Driving Gold?
Gold’s resiliency remains overshadowed by talk of commodity market volatility, dollar strength and rate hikes. Meanwhile, the metal has managed hold steady at around $1,800 per ounce for most of the year while other “inflation hedges” seek shelter from, in some cases, double digit declines. Gold miners are still enjoying healthy margins at this price (despite cost inflation) yet have been unable to shake systemic risks plaguing the whole of equity markets, where recession fears have fueled a much broader selloff.
- Possible scenarios for gold’s resurgence
- Gold miners’ health (e.g., operating costs, margins, free cash)
- Strategy positioning and names we’re excited about
July 26, 2022
11:00 AM US ETDuration 60 MIN
An on demand replay will be available immediately after the live webinar.
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The Gold strategy is subject to the risks associated with concentrating its assets in the gold industry, which can be significantly affected by international economic, monetary and political developments. The strategy’s overall portfolio may decline in value due to developments specific to the gold industry. The strategy investments in foreign securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, or political, economic or social instability. The strategy is subject to risks associated with investments in Canadian issuers, commodities and commodity-linked derivatives, commodities and commodity-linked derivatives tax, gold-mining industry, derivatives, emerging market securities, foreign currency transactions, foreign securities, other investment companies, management, market, non-diversification, operational, regulatory, small- and medium-capitalization companies and subsidiary risks.
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