Gold Should Keep An Eye Out For Oil Prices This Month - Frank Holmes
Labor Day weekend is behind us, and Kitco News is joined by U.S. Global Investors’ CEO Frank Holmes to talk gold. Most markets have taken a ‘sit and wait’ attitude ahead of next week’s highly anticipated Federal Open Market Committee monetary policy meeting, however, there still could be some factors at play this week to affect gold. According to Holmes, one big factor is the price of oil. “Historically, September is a great month for gold. Last year, it wasn’t because the oil market rolled over,” he says. “So the big factor here is will the oil price be stable this month?” October crude oil WTI contracts were last quoted down 0/54% at $45.80 a barrel. Holmes also comments on the People’s Bank of China announcement that they added 16 tonnes of gold to their reserves in August. “Central bankers around the world recognize the currency wars taking place…and the best thing is to own real assets,” he says. Tune in now to our latest edition of Gold Game Film. Kitco News, September 8, 2015. (show less)
Labor Day weekend is behind us, and Kitco News is joined by U.S. Global Investors’ CEO Frank Holmes to talk gold. Most markets have taken a ‘sit and wait’ attitude ahead of next week’s highly anticipated Federal Open Market Committee monetary policy meeting, however, there still could be some factors at play this week to affect gold. According to Holmes, one big factor is the price of oil. “Historically, September is a great month for gold. Last year, it wasn’t ... (read more)
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.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
