Gold Soars, Trump Targets Trade, and the Fed Reacts - David Rosenberg on Market Shifts Ahead

Markets are bracing for impact as Trump’s 25% tariffs on Canada and Mexico threaten to disrupt $1.6 trillion in trade. Will this spark inflation, crush supply chains, and force the Federal Reserve to rethink its rate cut plans? As Trump doubled down on his tariff stance on February 1—while this interview was being taped—the economic stakes couldn’t be higher.

Meanwhile, gold has rocketed past $2,800, reaching record highs as investors flee to safe havens. Is this the start of a massive gold rally, or simply a reaction to Trump’s bold economic policies?

David Rosenberg, Chief Economist at Rosenberg Research, joins Kitco News to break down what happens next, how markets will react, and whether these tariffs are a negotiation tactic or a game-changer for the global economy.

Don’t miss this deep dive into the forces reshaping the financial landscape and what it means for investors in 2025.

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00:00 Introduction and Welcome
01:37 Market Reactions and Predictions to Tariffs
05:16 Energy Prices and Potential Tariffs on Oil
05:52 Canada's Response and Economic Strategies
13:34 Inflation Concerns and the Fed's Response
29:38 Breaking News: White House Denies Tariff Report
30:18 Trump's Unpredictable Trade Policies
31:28 Gold: The Ultimate Hedge Against Uncertainty
32:35 Bitcoin vs. Gold: A Conservative Investor's Perspective
33:53 Breaking News: Gold's Meteoric Rise
36:47 Global Trade War and Its Implications
39:15 The Debt Bomb: Fiscal Instability and Gold
49:08 Stock Market Bubbles and Concentration Risks
57:06 The Case for Hard Assets and Liquidity
58:24 Conclusion

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