The Fed Stays Put As Gold Pushes Higher
Martin Soong of CNBC Asia welcomes Frank Holmes to the program to discuss the Federal Reserve’s decision not to raise interest rates following the end of its two-day meeting on Wednesday.
Martin Soong of CNBC Asia welcomes Frank Holmes to the program to discuss the Federal Reserve’s decision not to raise interest rates following the end of its two-day meeting on Wednesday. In reaction to the announcement, gold pushed higher for the day. Frank reiterates the power of gold’s inverse relationship with interest rates, stating that “whenever a government has negative interest rates, gold rises in that country’s currency.”
Tune in to the replay to see what other variables Frank believes could move the price of gold.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content.
The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
Latest ResourcesView All
November 28, 2022Learn More
November 25, 2022Learn More
November 18, 2022Learn More