The Fed Stays Put As Gold Pushes Higher
Date Posted: June 16, 2016
Read time: 1 min
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.
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