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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Video: Gold Has A Bad November, But Just A Passing Storm - Ceo

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Kitco - Gold is seeing its worst monthly decline in nearly three years as prices drop more than $100 in November, reacting to a strong U.S. dollar and higher bond yields. The metal ended solidly lower and hit a fresh 10-month low Wednesday. However, Frank Holmes, chief executive officer for Texas-based U.S. Global Investors, said that this should be a passing storm for gold. Holmes added that another headwind for gold includes the major outflows in exchange-traded funds. Investors pulled out more than $2 billion from SPDR - the biggest gold-backed ETF - since the end of October. February Comex gold settled the day at $1,173.90 an ounce, down 1.4% on the day. Holmes also shares his touchdown pass of the week, with jobs data and the pending Italian referendum, what could really be driving gold?

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Video:-Gold-Has-A-Bad-November,-But-Just-A-Passing-Storm---Ceo
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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