from Kitco NEWS
U.S. Global Investors CEO Frank Holmes joins Kitco News in studio ahead of the Federal Open Market Committee meeting to talk about gold’s price action. The two-day policy meeting concludes Wednesday afternoon and according to Holmes, not much will happen. ‘I’m going to bet with Morgan Stanley, we’re not going to see a rate hike,’ he told Daniela Cambone. Switching gears to the presidential election, Holmes had some interesting comments on the candidates, noting that frontrunner Donald Trump may actually be the best bet for the economy. ‘It is whoever has the best fiscal policies and right now it appears to be Trump.’ However, when it comes to your gold investments, another candidate sticks out for Holmes. ‘I think Bernie would be the best for gold.’ April Comex gold futures are near two-week lows ahead of the FOMC meeting conclusion, last down $1.60 at $1,229.40 an ounce.
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