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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 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.
