'I've never seen this kind of volatility' in gold; Gary Wagner calls for bigger moves ahead

Video: Gary Wagner discusses gold's trajectory, given a highly volatile week with David Lin, anchor for Kitco News.

Gold's trek to $2,000 an ounce this week had a certain degree of geopolitical uncertainty baked into the price, and the move upward would likely not have been as strong had there not been a war in Ukraine, according to Gary Wagner.

Speaking to David Lin, anchor for Kitco News, Wagner said that while the uncertainties brought by war in Eastern Europe contributed to an increase in safe-haven demand, the underlying inflationary pressures are still the dominant driver of gold, as the price has been trending upwards throughout 2022 even before Russian forces invaded Ukraine. Read More

Timestamp:

0:00 - Gold's news drivers

11:00 - Gold and the dollar

14:30 - Bond yields

17:24 - Outcome of war in Ukraine

24:00 - Gold price outlook

Source: Kitco News

Disclaimer: This video is provided for informational purposes only and not offered or intended to be used as legal, tax, investment, financial, or any other advice.