Video: Is Fed Chair Yellen Too Aggressive On Rates? Adrian Day Chimes In

Gold prices have fallen under pressure as markets expect a rate hike later this month. However, according to gold expert Adrian Day, the Federal Reserve will not be as aggressive on tightening as some expect. "I don't see rates moving significantly, this Fed led by Yellen is not going to be aggressive on interest rate hikes and that's good news for gold," he told Kitco News' Daniela Cambone on the sidelines for the PDAC convention in Toronto. "If they raise rates one or two times by the spring, they are still lagging inflation and that is what's the key for gold: are rates ahead of inflation or behind inflation?"