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Kitco NEWS InterviewsFavor gold over silver in 2022, Fed rate hikes will have major impacts on economy - Gary WagnerThe Federal Open Market Committee has announced a doubling in the pace of asset tapering on Wednesday.
The Dot Plots indicate that there will be an average of three rate hikes in 2022, three more in 2023, and two in 2024, all in increments of 25 basis points.
Gary Wagner, editor of TheGoldForecast.com discusses with David Lin, anchor for Kitco News, the impact that monetary policy next year will have on financial markets.2022-01-0324 minKitco NEWS InterviewsGold price shows no reaction to Powell’s scary message, here’s why – Gary WagnerGold is faced with a double-edged sword of inflationary pressures, said Gary Wagner, editor of TheGoldForecast.com, who expects near-term downward pressures to prevail.
Wagner discussed with David Lin, anchor for Kitco News, the Fed’s options after Jerome Powell admitted in a testimony Tuesday that the current economic path is “unsustainable.”2021-06-2519 minKitco NEWS InterviewsFed’s growth and inflation outlook is 'aggressive'; how will gold react? - Gary WagnerThe Federal Reserve has announced that the Fed Funds rate will remain low until at least 2023. Both gold and the equity markets rallied in response to Fed Chair Jerome Powell's dovishness, but can the turnaround in prices last? Gary Wagner, editor of TheGoldForecast.com analyzes the next key price levels.2021-03-1821 minKitco NEWS InterviewsGold's technicals look bearish; these other assets have more upside - Gary WagnerOn a technical basis, the sentiment for gold is undeniably bearish, said Gary Wagner, editor of TheGoldForecast.com.2021-02-2419 minKitco NEWS InterviewsThis is how Bitcoin becomes a trillion dollar market - Gary WagnerIf every company in the S&P 500 puts 10% of their cash into Bitcoin, the cryptocurrency then becomes a trillion dollar market, said Gary Wagner, editor of TheGoldForecast.com.
While gold is climbing slow and steadily as opposed to Bitcoin’s sudden burst into new all-time highs, similar to the “tortoise and the hare”, Bitcoin has higher upside potential in the short-term, with an upside target of $61,000, and a downside correction floor of $39,000, Wagner said.2021-02-1017 min
Kitco NEWS RoundtableWhy a lousy jobs report could be a turning point for precious metalsToday's labor report showing deeper than expected job losses in January will support stronger stimulus measures, which could be bullish for gold, said Kitco editor Neils Christensen.On Friday Christensen recorded Kitco Roundtable podcast with mining audiences manager Michael McCrae, correspondent Paul Harris and ValOre Metals CEO Jim Paterson.The U.S. Labor Department released its jobs report today indicating that the number of new jobs gained in January came in at 49,000, and the unemployment rate fell from 6.7% to 6.3%, wrote contributor Gary Wagner. Although there was a down-tick in the unemployment rate, last week Jerome...2021-02-0653 min