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Frank Holmes Says Gold Could Move to $1,400

Daniela Cambone of Kitco News welcomes Frank Holmes to On the Spot to discuss gold breaking through its 200-day moving average last week, along with some big moves seen from miners lately. Frank explains that both junior and senior mining companies have made a multitude of changes recently, and paired with the recent movements in the precious metal, it seems that there is a bit of sentiment relief for gold.

Watch the entire interview to see why Frank believes gold could hit $1,400 an ounce this year.

 

 

What else is gold up to?

 

The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals.  The weights of components are based on consumer spending patterns.

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