Frank Holmes: Bullish on Gold Despite Rate Hike
Martin Soong, host of CNBC Asia, welcomes Frank Holmes back to the program, this time to discuss the Federal Reserve’s two-day meeting this week and what a rate hike decision could mean for gold investors.
Martin Soong, host of CNBC Asia, welcomes Frank Holmes back to the program, this time to discuss the Federal Reserve’s two-day meeting this week and what a rate hike decision could mean for gold investors. Frank explains that historically gold runs into trouble when real interest rates rise 2 percent above the inflationary number. However, Frank says he sees rates staying only mildly ahead of inflation during this cycle, and reiterates his bullish stance on the yellow metal.
Tune in to the full interview to find out how gold has reacted following previous hiking cycles.
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