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Will Gold’s Rally Continue Or Will Yellen Turn It Around? – Frank Holmes
[youtube 5X03WgGq3co] 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. […]