RE:Gold price.......Why is the gold price currently under pressure?
Nominal interest rates have risen because there are expectations of rising inflation. The decisive factor, however, is real interest rates. They have a very high negative correlation with gold. Inflation rates are lagging. But I think they will rise soon, and more than nominal interest rates. This would mean that real interest rates would remain negative, which would be very positive for gold.
Nevertheless, gold producers make good money at an ounce price of USD 1700, 1600 or even 1500. The cash flows are extraordinarily good. The coffers for takeovers are filled with a lot of money ... and this is also needed for Treaty Creek!