Is a Strong U.S. Dollar Good for Gold?

Author: USGI
Date Posted: June 3, 2015 Read time: 1 min

Alex Letourneau of Kitco News welcomes Frank Holmes to this week’s episode of Gold Game Film. Frank notes that while it seems gold prices have been swinging up and down recently, this is related to the seasonal patterns of demand in the summer months. Another factor in the news this week is U.S. industrial production, and its relationship with the strong dollar.

Alex Letourneau of Kitco News welcomes Frank Holmes to this week’s episode of Gold Game Film. Frank notes that while it seems gold prices have been swinging up and down recently, this is related to the seasonal patterns of demand in the summer months. Another factor in the news this week is U.S. industrial production, and its relationship with the strong dollar.

Tune in to hear what Frank thinks about what’s next for the dollar, and how this could be bullish for gold prices.

Read more about Frank’s expectations for the gold market in the latest Investor Alert!

 

Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.

The ISM manufacturing composite index is a diffusion index calculated from five of the eight sub-components of a monthly survey of purchasing managers at roughly 300 manufacturing firms from 21 industries in all 50 states.

Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 3/31/2015: SPDR Gold Shares