Gold and the Global Currency Market
Date Posted: July 8, 2015
Read time: 1 min
As the drama continues in Greece with a “no” vote covering headlines Monday morning, Kitco News host Daniela Cambone asks Frank Holmes why gold didn’t see more of a move. Frank says he thinks the strong U.S. dollar is acting as the safe haven in the global currency market rather than gold right now. The threat of rising interest rates is also putting the dollar in a better light than the yellow metal.
As the drama continues in Greece with a “no” vote covering headlines Monday morning, Kitco News host Daniela Cambone asks Frank Holmes why gold didn’t see more of a move. Frank says he thinks the strong U.S. dollar is acting as the safe haven in the global currency market rather than gold right now. The threat of rising interest rates is also putting the dollar in a better light than the yellow metal.
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