Ira Epstein discusses the current state of the metals market, highlighting significant price movements in gold, silver, and copper amid geopolitical tensions involving the U.S., Israel, and Iran.
Worse, Q2’s first peek at Gross Domestic Product ex-inflation was only +1.5%; add back the Chain Deflator of a whopping +6.3% (the highest since coming out of COVID during Q2 of 2022) and 81% of Q2 GDP total “growth” was by inflation rather than improvement.
Epstein covers the Federal Reserve's current stance, highlighting Kevin Warsh's comments that market forces will dictate interest rates, leading to a surge in gold prices...
According to Kitco, China's gold imports reached a 26-month high in May and are up 76% year to date, emphasizing robust physical demand from the world's largest gold market.
Ira Epstein discusses the current rally in stock indices and metals, attributing it to decreased tensions between the US and Iran, which have halted hostilities.
