Gold Rally is Fading But It is a Great Buying Opportunity Says This CEO-Shanghai Metals Market

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Gold Rally is Fading But It is a Great Buying Opportunity Says This CEO

Industry News 11:23:35AM May 24, 2016 Source:SMM

May 23, 2016

Guest(s): Frank Holmes 

Gold's rally seems to be fading but Frank Holmes, chief executive officer of U.S. Global Investors, suggests that this may just be another buying opportunities for gold investors. Gold prices are modestly lower on Monday with the bulls having faded a bit recently. June Comex gold futures were last down $2.10 an ounce at $1,251.70. With a rate hike now a possibility by next month after so many discounted it, Holmes suggests that gold will continue to hurt until the next Federal Open Market Committee meeting in June. 


Key Words:  gold prices    
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Gold Rally is Fading But It is a Great Buying Opportunity Says This CEO

Industry News 11:23:35AM May 24, 2016 Source:SMM

May 23, 2016

Guest(s): Frank Holmes 

Gold's rally seems to be fading but Frank Holmes, chief executive officer of U.S. Global Investors, suggests that this may just be another buying opportunities for gold investors. Gold prices are modestly lower on Monday with the bulls having faded a bit recently. June Comex gold futures were last down $2.10 an ounce at $1,251.70. With a rate hike now a possibility by next month after so many discounted it, Holmes suggests that gold will continue to hurt until the next Federal Open Market Committee meeting in June. 


Key Words:  gold prices