Goldcorp Inc., North America’s largest gold miner by market value, is tired of waiting for Federal Reserve Chair Janet Yellen.

Investors have fled the gold market in the past two years as a steadily improving U.S. job market raised speculation that Fed officials would start raising interest rates. The metal will probably start to climb once officials finally start tightening, because higher rates are already priced in and there will be less uncertainty in the market after the liftoff, according to Goldcorp’s Chief Executive Officer Chuck Jeannes.

“I wish Mrs. Yellen would get on with it,” Jeannes said in an interview in Denver, where mining executives are gathering for an industry conference. “It will be a net benefit to gold prices when it actually happens.”

The will-they-won’t-they game of waiting for the Fed to act has sucked interest out of the gold market. Higher rates curb the allure of bullion by making it less competitive against assets that pay a yield, like bonds. Prices have tumbled almost 25 percent since falling into a bear market in April 2013.

Volume in New York contracts has languished, while investors have dumped holdings of the metal through exchange- traded products. Money managers have the smallest net-bullish holding since funds were short in mid-August. Long wagers are at the lowest since July 2012. This signals that investment demand has probably bottomed, and that traders could start moving back into the market once rates are raised, Jeannes said.

“There’s not a lot further for it to go down,” Jeannes said. “Until the Fed acts, and gets that behind us, it’s almost like a cap on our ability to move, in terms of the gold price.”