Where Does Gold Go From Here?
Daniela Cambone of Kitco News welcomes Frank Holmes for another edition of Gold Game Film, this time live from New York. She points out that gold is on track for its second week of gains, but wants to know if the momentum can continue.
Daniela Cambone of Kitco News welcomes Frank Holmes for another edition of Gold Game Film, this time live from New York. She points out that gold is on track for its second week of gains, but wants to know if the momentum can continue. Frank says the big thing for investors to pay attention to is what interest rates are doing, since historically the price of gold is inversely related. The two also discuss the health care bill and other Trump policies, and what this could mean for gold. Frank comments that if President Trump meets stumbling blocks for some of the policies he’s trying to push through, then we could see the market sell off. This might also mean interest rates would decline, sending gold higher.
Watch the interview below for Frank’s full thoughts!
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