Gold Could Rally From Indian Jewelry Demand
Date Posted: September 10, 2018
Read time: 1 min
Kitco News' Daniela Cambone welcomes Frank Holmes back to the program to talk gold's current challenges as September is in full swing. Historically, September has been a strong month for the yellow metal.
Kitco News’ Daniela Cambone welcomes Frank Holmes back to the program to talk gold’s current challenges as September is in full swing. Historically, September has been a strong month for the yellow metal. Frank discusses how the positive jobs report for August should mean interest rates will be raised again – usually a headwind for gold. However, Frank notes that Indian wedding season begins in a few weeks as well, during which time gold jewelry gift-giving is considered auspicious. Will demand from the world’s second largest consumer lead to a spike in gold?
For the full story, watch the interview below!
Want more market insights from Frank Holmes? Subscribe to his award-winning CEO blog Frank Talk by clicking here.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
Free Cash Flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base.
The price-earnings ratio is the ratio for valuing a company that measures its current share price relative to its per-share earnings. It can be calculated by dividing market value per share by earnings per share.
