Frank Holmes Tells Kitco: Silver Is Strong, Gold Is Doing Well
Daniela Cambone of Kitco News asks Frank Holmes why slow growth in China hasn’t done more to boost gold so far this year.
Daniela Cambone of Kitco News asks Frank Holmes why slow growth in China hasn’t done more to boost gold so far this year. Frank explains that the main issue for the precious metal continues to be a strong U.S. dollar, and that he believes gold is doing well. Daniela switches over to silver, noting that it finished last week as the best performing metal, falling only 0.11 percent. Frank says that U.S. consumers have continued to be strong buyers of silver at the start of the year, along with physical gold, which could be one of the drivers of its recent performance.
Watch the full replay of this edition of Gold Game Film to see Frank’s touchdown pass of the week!
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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. 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.
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January 23, 2023Learn More