Frank Holmes joined Fox Business’ Countdown to the Closing Bell with Liz Claman to discuss gold’s current performance. Frank explains how the yellow metal historically picks up during the month of September due to rising demand from China and India, where gold gift-giving is considered auspicious during wedding season and holidays in the fall and winter. The two also chat about the airlines industry and how it’s performing well despite rising oil prices.
To hear the full discussion, watch the replay here!
This article is not a solicitation to sell any funds managed by Galileo Global Equity Advisors.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content.
A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).
The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.