Gold Could Rally From Indian Jewelry Demand
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?
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