Ahead of the New Orleans Investment Conference, which is scheduled to run from November 1 to 4, Brien Lundin of Gold Newsletter discussed sentiment in the gold sector and factors driving the precious metal.
Speaking about the ongoing Israel-Hamas war, he said that during this type of turbulence gold tends to experience a brief price spike that then subsides. However, it's possible that this conflict might have a longer-lasting effect on the metal.
"In this instance it may prove to be an exception because geopolitical conflicts and uncertainty and volatility could lead to a change in Fed policy," Lundin explained. "And as we know, Fed policy drives all the markets these days - so it could have a more lasting fundamental effect if it forces the Fed to either pause or pivot."
Click here to learn more about the New Orleans Investment Conference: neworleansconference.com/
This interview was filmed on October 12, 2023.
#Investing #Mining #Gold
0:00 - Intro
0:29 - NOIC details and highlights
4:03 - Gold sentiment at rock bottom
6:13 - Gold's performance during war
10:35 - Rate hike trajectory for the Fed
13:46 - Is a soft landing possible?
18:25 - It's a buyer's market right now
20:43 - Opportunity in uranium
24:17 - Outro
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