Global Economic Fatigue Good for Gold

Author: USGI
Date Posted: June 21, 2016 Read time: 1 min

Daniela Cambone of Kitco News welcomes Frank Holmes back to the program to discuss what needs to happen for gold to rally following a pullback at the start of the week.

Daniela Cambone of Kitco News welcomes Frank Holmes back to the program to discuss what needs to happen for gold to rally following a pullback at the start of the week. Frank says that gold just needs a little breathing room, pointing out that the precious metal has already seen “phenomenal moves” so far this year. Frank says in addition to the Brexit referendum on Thursday, and U.S. dollar movements, “global economic fatigue” is what will continue to push gold higher.

Watch the replay below for the full interview!

 

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The Purchasing Managers’ 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.