The Gold Price Will Continue to Rise, Says Frank Holmes
MarketWatch's Myra Saefong spoke recently with Frank Holmes about his outlook on the price of gold heading into the remainder of 2018.
MarketWatch’s Myra Saefong spoke recently with Frank Holmes about his outlook on the price of gold heading into the remainder of 2018. Frank believes the yellow metal could hit $1,500 an ounce, noting that gold futures have already edged up 3 percent year to date, outpacing the 2.4 percent drop in the S&P 500. Frank also discusses whether he believes President Donald Trump’s policies have helped or hindered the price of gold.
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The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
The ICE U.S. Dollar Index (USDX) futures contract is a leading benchmark for the international value of the US dollar and the world’s most widely-recognized traded currency index.
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