How Will Gold Move Following Yellen's Testimony? Frank Holmes Comments

Following the release of Donald Trump Jr's chain of emails regarding the Russia meeting, gold prices popped higher. August gold futures last traded at $1,216 an ounce, up 0.23% on the day. Ahead of the surprise email dump, gold was hovering in solidly negative territory, jumping almost $8 in minutes. Kitco News speaks with Frank Holmes, chief executive officer for U.S. Global Investors, about gold's sudden movements. Talking ahead of Janet Yellen's testimony before Congress on Wednesday and Thursday, Holmes said he wouldn't be concerned if gold were to fall below $1,200. Two key measures of inflation, due out this week, are what Holmes said he will be closely watching. The consumer price index (CPI) and producer price index (PPI), are big numbers to watch after last week's meager wage growth, Holmes explained. (show less)

Following the release of Donald Trump Jr's chain of emails regarding the Russia meeting, gold prices popped higher. August gold futures last traded at $1,216 an ounce, up 0.23% on the day. Ahead of the surprise email dump, gold was hovering in solidly negative territory, ... (read more)

 
 
Gold Game Film

Gold Game Film
Gold Game Film features the founder of US Global Investors, Frank Holmes as he highlights play-by-play action in the gold market. Melding sports and precious metals, Holmes comments on gold’s touchdown pass of the week. Holmes also reflects on the opportunities and threats he sees for the gold market. Tune in every week to hear from our Monday Morning Quarterback, Frank Holmes.

 

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