Gold is facing significant macro-economic transitions from foreign investors that could shift the sentiment to the positive side, said Frank Holmes, CEO of U.S. Global Investors.
“We’re seeing Eastern European countries show up: Poland, we see Hungary, just buying tons of gold. I think it’s really significant on that transition that’s taking place.
And all the Indians, all the women [who] have bought gold, now they're seeing it reward because the rupee has continued to fall,” Holmes told Kitco News.
- Source, Kitco News
