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Ignore Sub-$40 Oil, 'Healthy' Inflation Returns - Frank Holmes
Healthy inflation has returned says Frank Holmes, chief executive officer of U.S. Global Investors. Holmes points to the core PCE price index, which increased at a pace of 1.9 percent annualized in the first half of the year. 'Oil is moving from an inflation headwind to a tailwind,' Holmes said on Kitco's Gold Report. However, crude oil made headlines Monday after falling to a four-month low below $40 a barrel driven by the global gasoline glut and continued worries of oversupply out of the U.S. and OPEC nations. Meanwhile, gold posted gains Monday with December Comex gold futures trading at a three-week high, settling the day at $1,359.60 an ounce. (show less)
Healthy inflation has returned says Frank Holmes, chief executive officer of U.S. Global Investors. Holmes points to the core PCE price index, which increased at a pace of 1.9 percent annualized in the first half of the year. 'Oil is moving from an inflation headwind to a tailwind,' Holmes said on Kitco's Gold Report. However, crude oil made headlines Monday after falling to a four-month low below $40 a barrel driven by the global gasoline glut and continued ... (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.
