USD vs. Gold Wrestling Match Still Underway - Frank Holmes

Gold prices returned from the long weekend with a U.S. dollar and Fed hangover as the yellow metal dipped below $1,200/oz. Frank Holmes says it’s just part of the USD vs. gold volatility wrestling match. Speaking to Kitco News from Singapore’s Asia Mining Congress, Holmes notes that these are traditionally low seasonal gold price months. “Remember, we’re going through that seasonal low that takes in May-June,” he says. “So don’t too worried over this sort of correction that’s been taking place day in and day out.” Holmes also notes that while the USD rally is strong, he’s not completely sold on it as disappointing data points continue to churn out of the U.S. Tune in now to see where Frank’s touchdown pass of the week is landing. Kitco News. May 26, 2015.