Gold Moves Ahead of Trump Inauguration
Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film, on a day when gold prices are moving higher and holding strong. So what’s pushing the metal up? Frank says there are a number of things at play, but a lot has to do with President-elect Donald Trump, particularly his upcoming inauguration on Friday. In addition, Frank points out that real interest rates remain a major mover for the metal, adding that consumer price index (CPI) data will be released Wednesday, along with demand from Chinese New Year celebrations.
Tune in to the full interview for Frank’s thoughts!
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
The U.S. Trade Weighted Dollar Index provides a general indication of the international value of the U.S. dollar.
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.