Investors seem to be disinterested in the precious metals space, but not all industry insiders support the notion that gold is in a bad place right now.
Ivan Bebek, CEO of Auryn Resources, said that miners are not in a bad place, citing low valuations and the opportunity to be bought out, making this the “best shopping place to be ever.”
Still, others share mixed feelings. Brent Cook of Exploration Insights, said that an improving U.S. economy along with rising rates from the U.S. Fed, all add downward pressure on gold.
Watch as experts debate on the future of gold prices in this uncertain and volatile environment.