Gold and the Global Currency Market

Author: USGI
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.

Tune in below for the full replay!

 

 

Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.

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.