Central Banks Gobble Up Gold as Bond Yields Drop
Bloomberg Radio hosts Lisa Ambramowicz and Paul Sweeny welcomed Frank Holmes back to the program to discuss his thoughts on the recent uptrend in the price of gold as the metal hits six-year highs above $1,500 per ounce.
Bloomberg Radio hosts Lisa Ambramowicz and Paul Sweeny welcomed Frank Holmes back to the program to discuss his thoughts on the recent uptrend in the price of gold as the metal hits six-year highs above $1,500 per ounce. Frank points out that the record $15 trillion in negative-yielding government bonds across the global is helping push gold higher.
When asked if this gold rally will continue, Frank explains that the idea of peak gold is one contributing factor that could keep the yellow metal propped up, in addition to growing demand from China and India. For the full interview and Frank’s outlook on gold for the rest of 2019, tune in below.
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