Frank Holmes Blog | Gold Shines After Powell Speech | TalkMarkets
Chief Executive Officer/Chief Investment Officer
Contributor's Links: US Global Investors
Frank Holmes is the CEO and chief investment officer of U.S. Global Investors. Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm’s chief investment officer in 1999. In 2006, Mr. Holmes was selected mining fund manager of the year by the Mining ...more

Gold Shines After Powell Speech

Date: Thursday, August 30, 2018 7:50 PM EDT

Last week at the Jackson Hole Economic Symposium, Federal Reserve Chairman Jerome Powell reiterated the central bank’s commitment to raise interest rates gradually, with another rate hike expected in September. Following the meeting on Friday, gold surged above $1,200 an ounce and continues to experience gains this week. Frank explains how the yellow metal could rise even further due to the upcoming Indian wedding season, when gold gift-giving is considered auspicious. Historically, demand for gold jewelry rises leading up to fall holidays and celebrations in China and India, the world’s two largest consumers of gold.

For the full explanation, watch the video here!

Frank Talk Live features U.S. Global Investors’ CEO and Chief Investment Officer Frank Holmes as he dives into a new investment topic, from gold mining and global resources to digital currencies and emerging markets. Tune in weekly for updates on these key financial markets.

Learn more about investment opportunities in gold and precious metals by clicking here.

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