The Biggest Factors Driving Gold, According to Frank Holmes
Frank Holmes joined the Oxford Club's Rachel Gearhart for an episode of the Market Wake-Up Call to discuss gold's latest price action.
Frank Holmes joined the Oxford Club’s Rachel Gearhart for an episode of the Market Wake-Up Call to discuss gold’s latest price action. Frank explains that gold trading is largely influenced by the Love Trade and the Fear Trade. The Love Trade is people buying gold in the form of jewelry for gift giving predominantly in China and India, while the Fear Trade is stocking up on gold out of fear of economic uncertainty such as negative real interest rates.
When asked on ways to gain exposure to the yellow metal, Frank recommends gold stocks, which have outperformed physical gold so far this year. Watch the full interview by clicking here.
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