Nov 7, 2022
Gold has been lagging, but recently showed a bit of life. To get the proper gold forecast, I invite Gary Wagner to come and discuss this topic with me. There are multiple factors influencing the price of gold, a crucial one being dollar weakness. This weakness was the preemptive force in moving gold prices, but future gold prices will be largely determined by other reports, including third quarter GDP. Tune in for more insight.
-Dollar weakness was the preemptive force moving gold prices
-The question becomes: how much have the intense rate hikes impacted inflation?
-The third quarter GDP is going to be key
-Will this be the last raise, or are we near the end?
-Putin is not just fighting Ukraine, he is fighting the West
-$17 in gold price were attributed to dollar weakness
-We’re seeing resistance at 16.80