Video: Could Lumber Rally Be Good News For Gold?

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CCFPress Press Manager United States 1420 Posts	Posted 04/16/2017 10:21 am Although gold has been getting a lot of investor attention, there is another commodity that is moving higher: lumber. And U.S. Global Investors CEO Frank Holmes tells Kitco News that rising lumber prices could be good news for gold. "Lumber prices are at their highest point since the U.S. housing crash," he said in an interview Wednesday. "We are seeing record housing starts again, which is pushing lumber higher and also helpful for inflation," he explained. Gold, often viewed as a good inflation hedge, would benefit in a rising inflation environment. June Comex gold continued its rally Wednesday, hitting a high of $1,285.70 an ounce in after-hours trading. OqideJS1i4o Report this Post to the Staff

nss-52 Moderator United States 54283 Posts	Posted 04/16/2017 3:53 pm The logic is that inflation increases the price of gold. Lumber is increasing in price because of demand (for whatever reason). Higher lumber prices mean higher costs to build a house. This is just one small factor in determining the kind and rate of inflation that would have a direct impact on the price of gold. Report this Post to the Staff
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