U.S. Global Investors [www.usfunds.com]

Daniela Cambone of Kitco News asks Frank Holmes whether he thinks gold is acting more like a raw commodity these days rather than a safe-haven asset. Frank says there is no doubt the precious metal is feeling the pain recently. One reason is the concern over massive global deflation, which has affected gold’s safe-haven appeal to investors.

Frank says that although the global purchasing managers’ index (PMI) data hasn’t been encouraging, there are still countries purchasing gold. Tune in to the replay below to see what could move the metal this week!

 

 

 

Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.

The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.