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Gold's Safe-Haven Allure Returns Post-Fed - Frank Holmes
Confidence in gold as a safe-haven asset has returned after the Federal Reserve left U.S. interest rates unchanged, said Frank Holmes, CEO of U.S. Global Investors. Speaking to Kitco News, Holmes said the metal’s appeal is back, despite gold prices seeing a corrective pullback in U.S. trading Monday. Gold prices were seeing a downside technical correction from Friday’s solid gains with December Comex gold last down $6.30 at $1,131.50 an ounce. Holmes noted that China’s economic slowdown, rising emerging-market currency volatility and the Fed highlighting ‘heightened uncertainties,’ may persuade more investors to seek refuge in gold. ‘This could be a bullish signal for gold, at least in the short-term, particularly as investors in China have been acquiring gold in anticipation of a rally,’ he said. Holmes added, ‘If Chinese investors fleeing from stocks decide that the historic value in gold is tempting, that could mean the next boom could come in gold. The metal has historically been a safe-haven in countries that suffer from bouts of inflation as well as political upheaval.’ Kitco News, September 21, 2015. (show less)
Confidence in gold as a safe-haven asset has returned after the Federal Reserve left U.S. interest rates unchanged, said Frank Holmes, CEO of U.S. Global Investors. Speaking to Kitco News, Holmes said the metal’s appeal is back, despite gold prices seeing a corrective pullback in U.S. trading Monday. Gold prices were seeing a downside technical correction from Friday’s solid gains with December Comex gold last down $6.30 at $1,131.50 an ounce. Holmes noted that ... (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.
