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Gold could defy another Fed rate hike, Peter Grandich says

Gold could defy another Fed rate hike, Peter Grandich says

Mining.comMining.com2026/10/29 20:54

Gold’s recent selloff may not signal the end of its bull market, according to veteran market commentator Peter Grandich, who expects another Federal Reserve rate hike in December.

Speaking on Top of Mine, Grandich challenged the view that higher interest rates necessarily hurt gold, pointing to historical rallies during periods of monetary tightening.

He also sees exceptional opportunities in Canadian mining and a potential revival in junior mining stocks in 2027.

Watch the full interview.

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