Canada’s Leading Trade Economist Sees Gold Below $1,000

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Kitco News’ Daniela Cambone interviews Export Development Canada’s Chief Economist and Vice President Peter Hall on the current state of the metals markets. Back in May, Hall forecasted a modest decline in commodity prices and said that any price spikes would be short-lived. Hall said that gold in the quadruple-digits zone was in an ’emergency zone’ because people lacked confidence in the world financial system. Now that the economic recovery seems to be underway, Hall says he expects gold to reach the triple-digits zone within a 5 year timeframe. Hall also discusses the mining industry and what gold below $1,000 will mean for the sector. Tune in now to hear his take on precious metals and the global economy.

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