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The gold price has dropped off in February, but remains much higher than it was just a few months ago.
Even so, many investors are wondering then the yellow metal will reach a new all-time high. For Gary Wagner, executive producer at TheGoldForecast.com, inflation is the main factor to keep an eye on.
“The key is that the shift will come when market participants focus on inflation not being reduced to the level they thought it was, or at the rate (they thought) it was. And it will be due to some items being sticky — in other words, (the US Federal Reserve doesn’t) have the tools to control it. If that occurs, we will see gold take off,” he said.
This interview was filmed on February 14, 2023.
#Investing #Gold #Silver
0:00 – Intro
0:36 – Recent CPI and employment data
3:10 – Fed can only do so much alone
7:24 – Inflation may become sticky again
13:56 – When will the gold price break out?
19:21 – Silver price expectations in 2023
23:04 – Gold is a long-term store of value
27:32 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.