Gold and the Global Economy
Mike Gleason, host of Money Metals Exchange’s Market Wrap podcast, welcomes Frank Holmes to the program to comment on the surprising market action over the last several weeks, particularly with gold. Frank tells Mike that the biggest headwind facing the precious metals market continues to be a strong U.S. dollar, as compared to the world’s other unbacked currencies.
Frank goes on to explain that monetary and fiscal policies around the world also affect commodities like gold. He says it’s important for investors to recognize this, and says that imbalances between the two are when we see wonderful runs in the gold price, but also dramatic drops.
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