Lower Gold Prices, Explained
Kitco’s Alex Letourneau chats with Frank Holmes on this week’s Gold Game Film following Frank’s trip to the Mines and Money Conference in Hong Kong. Frank tells Alex that several money managers at the conference are looking for bottoms and opportunities in gold, but at the same time are very cautious on the space.
After witnessing the gold price move sharply lower last week, Alex also asks Frank to help viewers understand why. Frank explains that hawkish comments from Federal Reserve Chairwoman Janet Yellen on Friday were significant to the metal’s move, stating that “no matter what she says the market moves in trepidation.” See what else is pushing and pulling gold by tuning in to the full interview below and to learn what Frank’s touchdown pass of the week is.
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The Citigroup Economic Surprise Indices are objective and quantitative measures of economic news. They are defined as weighted historical standard deviations of data surprises (actual releases vs Bloomberg survey median).
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