This Gold Correction is Healthy

Author: USGI
Date Posted: February 23, 2016 Read time: 1 min

Daniela Cambone of Kitco News welcomes Frank Holmes back to the program following a 2 percent fall in gold, but with the precious metal still hanging on at $1,200 an ounce, Daniela wants to know if the rally can last.

Daniela Cambone of Kitco News welcomes Frank Holmes back to the program following a 2 percent fall in gold, but with the precious metal still hanging on at $1,200 an ounce, Daniela wants to know if the rally can last. Frank says although we’ve had a spectacular run in gold, it is healthy for the metal to see a correction short term. He discusses Goldman Sach’s call last week for $1,000 gold this year, along with a “Brexit” and how this is affecting the precious metals’ price overseas.

Tune in and see what Frank’s touchdown pass for the week is!

 

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