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$1500-$1600 is gold's new price floor? This is where demand will come from – Tom Palmer



Tom Palmer, CEO of Newmont, talks about why gold’s price floor is rising higher, and how inflationary pressures and supply shortages are affecting the mining industry.

Palmer spoke with David Lin at the PDAC 2022 Convention in Toronto.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)

0:00 – Gold market outlook
3:49 – Gold mining profit margins
7:13 – Supply chain issues in gold mining
9:06 – Oil costs and gold mining
9:55 – Inflation
12:21 – Strongest drivers of gold price
15:43 – Explorations or acquisitions
16:51 – The Fed raising rates
18:35 – Why not hoard gold?
19:34 – ESG in mining
24:24 – Newmont’s projects

#gold #mining #inflation
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