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Gold Breaks Above 100-Day Moving Average

Frank Holmes joined Daniela Cambone on Kitco News to discuss gold breaking above its 100-day moving average and hitting new three-month highs. Frank says gold’s current rally is largely driven by central bank purchases. Poland added to its holdings in the summer and Hungary bought several tons of the metal this month. Frank and Daniela also discuss how Google searches for “gold price” spiked when stocks began to sell off a few weeks ago, highlighting that the yellow metal generally moves in the opposite direction of equities.

For the full story, watch the interview below!

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