No Reason To Let Dollar Get Stronger – Frank Holmes

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Kitco News is back in studio and kicks off the week with Frank Holmes and the Gold Game Film. Holmes comments on gold’s sharp drop last Friday and how he sees the metal set up for the week ahead. “What’s really impressive is that the dollar hit an 11-year high but gold, 11 years ago, was $400 an ounce and oil was $40 a barrel – so gold is doing spectacularly well in that context,” he says, adding that he doesn’t think the Federal Reserve has to raise rates. “I think what’s important for investors is that the real rates return are very strong, there’s no reason to get the dollar any stronger by lifting rates higher because it would truly hurt America’s ability to export finished products.” Tune in now to see what Frank thinks may be gold’s touchdown pass of the week. Kitco News, March 9, 2015.

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