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Gold is faced with a double-edged sword of inflationary stress, stated Gary Wagner, editor of TheGoldForecast.com, who expects near-term downward stress to prevail.
Wagner discussed with David Lin, support for Kitco News, the Fed's choices after Jerome Powell confessed in a statement Tuesday that the present financial course is "unsustainable.".
Follow David Lin on Twitter: @davidlin_TV ().
Comply With Gary Wagner on Twitter: @garyswagner ().
0:00 – Return to the 1970s?
5:17 – UNITED STATE capability to pay back costs.
11:15 – Inflation quandary.
12:29 – Gold rate response as well as outlook.
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Fed finally admits path is ‘unsustainable’, so why didn’t gold price explode? Gary Wagner
Gold is faced with a double-edged sword of inflationary pressures, said Gary Wagner, editor of TheGoldForecast.com, who expects near-term downward pressures to prevail.
Wagner discussed with David Lin, anchor for Kitco News, the Fed’s options after Jerome Powell admitted in a testimony Tuesday that the current economic path is “unsustainable.”
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Gary Wagner on Twitter: @garyswagner (https://twitter.com/garyswagner)
0:00 - Return to the 1970s?
5:17 - U.S. ability to pay back bills
11:15 - Inflation conundrum
12:29 - Gold price reaction and outlook
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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