Commodities
Gold Bull Market Far From Over Despite Correction
Frank E. Holmes, CEO and CIO of U.S. Global Investors, believes that the gold bull market is far from over.
In a recent conversation with Money Metals' Mike Maharrey, Holmes argued that powerful global trends continue to support higher gold prices.
The key drivers of these trends include Asian consumer demand and central bank buying, as well as Japan's interest rate shifts, artificial intelligence infrastructure, and rising government debt.
According to Holmes, 60% of global gold demand comes from people purchasing gold as portable family wealth, particularly in Asia and the Middle East.