What’s Supporting the Gold Price?
Date Posted: February 3, 2015
Read time: 2 min
On this week’s episode of Gold Game Film with Kitco News, Frank Holmes is welcomed by host Alex Letourneau to discuss what’s been moving the precious metal over the last week or so. Frank says there are several factors supporting the gold price right now, starting with its safe-haven appeal throughout volatile global markets. He also notes that negative real interest rates and the geopolitics out of Europe are both support factors because in this environment, gold is a reasonable place for investors to put their capital.
The Super Bowl may be over, but Frank Holmes still shares his touchdown pass of the week for gold on this episode of Gold Game Film. Watch the replay to see what he has to say!
Interested in other commodities besides gold? You can watch our latest webcast on demand for a detailed update. Click here for the replay.
Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.
Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 12/31/2014: Lundin Gold Inc.
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 ISM manufacturing composite index is a diffusion index calculated from five of the eight sub-components of a monthly survey of purchasing managers at roughly 300 manufacturing firms from 21 industries in all 50 states.
