Is Gold Still the Commodity to Watch?
Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film during a holiday-shortened week for the market.
Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film during a holiday-shortened week for the market. Following gold’s incredible rally so far this year, the precious metal has been giving some of its gains back over the last few days and Daniela asks Frank why this might be. Frank explains that what we’re experiencing is the normal seasonal pattern for the metal, and reiterates the importance of gold’s inverse relationship with interest rates.
So is gold still the commodity to watch? Frank believes so. He says the yellow metal can turn and have a “quick pop” because of the fight against a global slowdown with negative interest rates. Tune in to the full replay below!
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
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