The yellow metal just saw its third straight week of gains after tumbling most of the year. Frank Holmes describes how gold should actually be much lower due to rising U.S. bond yields, but is instead showing resilience. Investors too are moving back into the space with inflows to ETFs backed by gold rising for three consecutive weeks. Frank also discusses how global central banks are adding to their gold reserves in an effort to diversify holdings.
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Diversification does not protect an investor from market risks and does not assure a profit.
The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).
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