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Gold On The Defensive As U.S. Dollar Due For A Rally
Gold prices were ending a choppy U.S. day session slightly lower and in the middle of a wider daily trading range Tuesday. But losses were limited by some safe-haven demand that cropped up amid a rise in U.S.-North Korea tensions. According to Frank Holmes, chief executive officer for U.S. Global Investors, he is "impressed," by gold's recent performance. December gold futures last traded at $1,259.30 an ounce, down 0.43% on the day; at the same time, the U.S. Dollar Index last traded at 93.72, its highest level in more than a week. "I'm so impressed that gold is doing so well, in the context that real interest rates in the ten year are positive ....but what I think is going to happen is that we are due for a rally in the dollar," Holmes said. (show less)
Gold prices were ending a choppy U.S. day session slightly lower and in the middle of a wider daily trading range Tuesday. But losses were limited by some safe-haven demand that cropped up amid a rise in U.S.-North Korea tensions. According to Frank Holmes, chief executive officer for U.S. Global Investors, he is "impressed," by gold's recent performance. December gold futures last traded at $1,259.30 an ounce, down 0.43% on the day; at the same time, the U.S. ... (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.
