Gold Is Closely Tracking Last Year’s Price Action
Daniela Cambone of Kitco News welcomes Frank Holmes back for another episode of Gold Game Film, starting the discussion with a focus on palladium’s stellar performance year-to-date (YTD). The metal is up 15 percent YTD while gold is up 5 percent YTD. Frank says the movement is really just a supply-demand rally, but turns his attention back to gold, noting that the yellow metal seems to be on track for more upside this year. Sharing a chart with Kitco viewers, Frank compares current gold prices to this time last year, noting that the metal is closely tracking last year’s price action following an interest rate hike by the Federal Reserve. So what could this mean moving forward?
Tune in to the full interview for Frank’s thoughts!
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Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of 12/31/2016: Sibanye Gold Ltd.