Video News/Market Analysis
Fed’s next crisis response to drive gold to $8k in this bull cycle - Brien Lundin
The Federal Reserve's money management will trigger the next crisis and force the U.S. central bank to embrace negative interest rates, warns Brien Lundin, Editor of Gold Newsletter and CEO of New Orleans Investment Conference. Lundin analyzes what this crisis means for the economy, the Federal Reserve, the U.S. dollar, and gold. Lundin tells Kitco News' anchor Jeremy Szafron that the Fed's recent 25 basis point cut to a target range of 4.5%-4.75% could be just the start of a longer rate-cutting cycle driven by the unsustainable cost of servicing the national debt. He predicts that gold prices could surge to $8,000 an ounce within this bull market cycle as Western investors seek safe-haven assets amid rising economic risks. Lundin highlights the return of "bond vigilantes," whose skepticism about U.S. debt management has driven Treasury yields higher. With gold decoupling from its traditional inverse relationship to the dollar and bond yields, Lundin argues that the metal is poised to benefit from a powerful new bull market.
Guests: Brien Lundin
Source: Kitco News
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