What’s the Trend for Gold Right Now?

Author: USGI
Date Posted: May 12, 2015 Read time: 1 min


Daniela Cambone of Kitco News starts this week’s episode of Gold Game Film by asking Frank Holmes his thoughts on the surprise interest rate cut out of China over the weekend and how this is affecting the yellow metal. Frank notes that the decision from the People’s Bank of China (PBOC) is helping gold for now and explains that the situation in Greece and movements in its credit default swaps could be just as significant for gold.

Looking closer at the overall trend, Frank says that gold stocks are leading the way. Tune in to the full interview below to find out why!

 

 

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None of U.S. Global Investors Funds held any of the securities mentioned in this interview as of 03/31/2015.

The Producer Price Index (PPI) measures prices received by producers at the first commercial sale. The index measures goods at three stages of production: finished, intermediate and crude.

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