Is gold being ‘stabilized’ by governments? Why price hasn’t rallied on inflation – Frank Holmes

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Governments and also central banks could have a rate of interest in "stabilizing" gold costs in order to maintain public confidence, which might be an explanation regarding why the gold rate did stagnate up on the release of last month's headline document rising cost of living data said Frank Holmes, Chief Executive Officer of U.S Global Investors.

Headline inflation came in at 4.2%, the greatest since 2008.

" The threat of gold blowing up would generally claim they have actually lost control, and I truly think there's some kind of stabilization, if you intend to call it," Holmes informed David Lin, anchor for Kitco News.

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