Frank Holmes: Threat of Rising Rates Is Short Lived
Daniela Cambone, host of Kitco News, welcomes Frank Holmes back to the program on Monday morning when gold is hovering at a two-week low.
Daniela Cambone, host of Kitco News, welcomes Frank Holmes back to the program on Monday morning when gold is hovering at a two-week low. The precious metal dipped in reaction to better-than-expected jobs report numbers Friday, and Daniela wants to know if this “crowded trade” is starting to unwind. Frank says gold’s movement is simply part of the noise cycle we’re dealing with right now. “The threats that rates are going to rise in the U.S., I think, are short lived,” he explains.
So where does Frank believe gold is heading in the second half of the year? Watch the full replay below!
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
The Producer Price Index (PPI) measures prices received by producers at the first commercial sale. The index measures goods at three stages of production: finished, intermediate and crude.
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.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the interview were held by any accounts managed by U.S. Global Investors as of 06/30/2016.