Is the Heyday for Gold Over?
Frank Holmes joins CNBC’s Squawk Box, along with Matt Smith of Schneider Electric, to discuss the recent lows in commodities, particularly in gold and oil. Frank says that any time you have a strong U.S. dollar, gold will begin to react negatively, noting that investors interested in the precious metal should pay close attention to real global GDP growth.
Frank continues by emphasizing that despite gold’s recent lows, it’s important to realize that as an asset class, gold can go up or down 17 percent. This kind of movement is considered a nonevent for the metal. He refers to this type of fluctuation as gold’s DNA of volatility, while other asset classes have their own DNA as well.
To find out if Frank thinks gold can ever reach $1,900 again, catch the replay here.
You don’t have to wait to hear Frank’s thoughts on gold. Tune in to Kitco’s Gold Game Film every Monday for an update on the precious metal.
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