The Biggest Forces Moving Gold
Hannah Bernard of Viral Network News talks with Frank Holmes to get his take on the gold market as we move into the new year. Frank says that even though there was so much negative sentiment for the precious metal in 2014, many investors failed to realize that when looking at gold in currency terms, it was the second-best performing currency worldwide for the year.
Hannah also asks Frank what he thinks the biggest force for gold is in 2015, and Frank says it all comes back to currency performance. Depending on the country, and how that country’s currency is performing, certain gold names can react positively or negatively. He mentions the weakening of the South African rand as an example. Because the rand weakened in comparison to the strong U.S. dollar, South African gold names surged; one in particular, Gold Fields, jumped 40 percent recently.
For more on gold from Frank Holmes, watch the entire replay below.
Did you know each Monday Frank Holmes teams up with Kitco News to provide weekly analysis on the gold market? Don’t miss the next Gold Game Film! All replays are located on our website.
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