Oil Prices Could Move Gold This Month

Daniela Cambone, host of Kitco News, welcomes back Frank Holmes after a long Labor Day weekend to see if he has any insight on the precious metal as we begin a new month. Frank says that although September has historically been a good month for gold, what investors really need to watch is the price of oil. He notes that last September it was the oil price that kept the yellow metal from performing as well as it has in the past.

Frank also comments on the People’s Bank of China (PBOC) recently adding to its gold reserves, stating that he believes owning real assets is the best thing to do in a time of global currency wars. Tune in to the full replay to see Frank’s touchdown pass for the week!

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 Producer Price Index (PPI) measures prices received by producers at the first commercial sale. The index measures goods at three stages of production: finished, intermediate and crude.