U.S. recession still avoidable; This is why gold price is not ‘taking off’ – Former BOC head Poloz

Kitco News, Released on 5/31/22

This is part 1 of the full interview.

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There is currently no guarantee of an imminent recession in the U.S., according to former Bank of Canada Governor Stephen Poloz. Speaking to Michelle Makori, Editor-in-Chief of Kitco News, Poloz said that there is still time to “normalize the economy.”

0:00 – Bank of Canada’s rate hikes
3:30 – Canadian housing market
6:40 – Controlling inflation?
9:20 – U.S. recession
13:00 – Central bank independence
21:20 – Canada’s gold reserves
24:00 – Gold manipulation
25:30 – Gold price performance


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