Publish date:

Ignore the Fed 'Noise;' Watch This When it Comes to Gold - CEO

Gold ends lower Tuesday, but Frank Holmes is focusing on the slew of economic data due for release this week

KITCO NEWS - Gold ends lower Tuesday, the same day four Federal Reserve officials spoke out. However, one CEO says it is important for gold investors to 'ignore the noise.' Instead, U.S. Global Investors' Frank Holmes is focusing his attention on the slew of economic data due for release this week, including retail sales and the consumer price index on Wednesday. This is the fourth consecutive session gold futures settle lower. April Comex gold was last down $1.10 an ounce at $1,224.70. March Comex silver was last up $0.049 at $17.87 an ounce.

This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.

TheStreet Recommends