Gold Volatility Eases, While Silver Needs China Stimulus for Breakout – Phil Streible

Jeremy Szafron, Anchor at Kitco News, speaks with Phil Streible, Chief Market Strategist at Blue Line Futures, about the current state of precious metals. Streible explains how gold's volatility has decreased, leading to tighter price movements around $2,500, and the correlation with upcoming inflation data. He also highlights the potential impact of Fed rate cuts on gold and silver markets. Streible stresses that silver’s performance is closely tied to China’s slowing economy, emphasizing the need for stimulus to trigger a breakout.

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00:00 - Introduction & Market Overview
01:05 - Gold's Shrinking Volatility
02:15 - Inflation Data's Impact on Gold Prices
03:30 - Key Support Levels for Gold
04:42 - Silver's Struggles Amid China Concerns
06:02 - Federal Reserve Rate Cut Outlook
07:20 - How Rate Cuts Affect Gold and Equities
09:00 - Oil Market Volatility Ahead of the Debate
10:15 - Global Economic Factors Impacting Commodities
12:00 - Closing Remarks & Final Market Insights

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