Market reaction to the February CPI data was muted. Everybody is sitting on pins and needles waiting for surging oil prices to show up in the CPI data.
The gold and silver prices are rallying, perhaps seemingly paradoxically so, given how this comes on the heels of Donald Trump saying that the Iran war will be over ‘very soon.’
The Metals Focus analysts say gold could get a bigger boost if the situation spirals out of control or if “one or more of the fat-tail risks instead crystallize.”
One headline leads to another, and before long we are jumping from war updates to oil prices, from central bank speculation to the latest move in gold or silver.
The interview comes as global attention on gold and silver grows amid rising debt levels, currency devaluation, and increasing central bank demand for physical bullion.
