Will Gold’s Rally Continue Or Will Yellen Turn It Around? – Frank Holmes

As disappointing nonfarm payrolls data for March propelled gold prices above $1,200/oz, Kitco News speaks with Frank Holmes to find out if he thinks this rally can be sustained. Commenting on the weaker jobs report, Holmes says that the “data point is giving a reflection that the U.S. economy is not on a tear like people were expecting it to be.” Market participants are now eyeing Wednesday’s Federal Open Market Committee minutes to get clues as to when the Federal Reserve will make its first move on rates. “I think we’re going to see these low interest rates for a while and I think that we’re going to continue seeing gold being accumulated,” Holmes says. Tune in now to hear what he thinks may be gold’s touchdown pass this week and whether or not he thinks Fed Chair Yellen will turn gold’s rally around. Kitco News, April 6, 2015.

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