Can Gold's 3-Month High Push Even Higher?

Gold is facing significant macro-economic transitions from foreign investors that could shift the sentiment to the positive side, said Frank Holmes, CEO of U.S. Global Investors.
“We’re seeing Eastern European countries show up: Poland, we see Hungary, just buying tons of gold. I think it’s really significant on that transition that’s taking place. And all the Indians, all the women [who] have bought gold, now they're seeing it reward because the rupee has continued to fall,” Holmes told Kitco News. (show less)

Gold is facing significant macro-economic transitions from foreign investors that could shift the sentiment to the positive side, said Frank Holmes, CEO of U.S. Global Investors.
“We’re seeing Eastern European countries show up: Poland, we see Hungary, just buying tons of gold. I think it’s really significant on that transition that’s taking place. And all the Indians, all the women [who] have bought gold, now they're seeing it reward because the rupee has ... (read more)

Kitco NEWS

Kitco NEWS
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

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