Frank Holmes is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund (ticker PSPFX), the World Precious Minerals Fund (UNWPX)

Amidst a confluence of factors typically bearish for the precious metal, gold prices managed to post solid gains on Thursday. This resilience in the face of economic data and market dynamics that would normally weigh on the yellow metal suggests the recent price correction may be nearing its end. According to the U.S. Labor Department,